Reuters:Chinese investor buys stake in British aviation pioneer Gilo

Compiled by Rama Venkat Raman

A British aerospace company dubbed 'the Disneyland of engineering' is selling a big stake to Chinese investors in a further sign of the demand for UK technology from overseas rivals.

Gilo Industries Group, a Dorset-based manufacturer of rotary engines for unmanned aeronautical vehicles and jet-backpacks, has struck a deal with Kuang-Chi, a conglomerate headquartered in Shenzhen, southern China. 

 

Read more:http://www.reuters.com/article/britain-press-business-idUSL4N1F61M3