M&A Deal Summary

Melrose Industries Acquires FKI

On April 22, 2008, Melrose Industries acquired manufacturer FKI for 478M GBP

Acquisition Highlights
  • This is Melrose Industries’ 3rd transaction in the Manufacturing sector.
  • This is Melrose Industries’ 5th largest (disclosed) transaction.
  • This is Melrose Industries’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2008-04-22
Target FKI
Sector Manufacturing
Buyer(s) Melrose Industries
Deal Type Add-on Acquisition
Deal Value 478M GBP

Target

FKI

Loughborough, United Kingdom
website
FKI comprises the Brush business and the Bridon business. Brush Turbogenerators is a manufacturer of electricity generating equipment for the power generation, industrial, oil & gas and offshore sectors. Bridon designs and manufactures a comprehensive range of lifting and stabilising solutions for applications in wire rope, fibre rope, steel wire and strand. The company services global customers in the oil & gas, mining, industrial, marine and infrastructure sectors.

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Buyer(S) 1

Buyer

Melrose Industries

London, United Kingdom

website

Category Company
Founded 2003
Sector Machinery
Employees37,336
Revenue 7.5B GBP (2022)
DESCRIPTION

Melrose is a buyer good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders. Melrose Industries was founded in 2003 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 8
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 3 of 7
Country (United Kingdom) 1 of 2
Year (2008) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-22 Marelli Motori

Arzignano, Italy

Marelli Motori SpA is a manufacturer of generators and electric motors. With five overseas offices in Germany, UK, Malaysia, USA and South Africa it serves worldwide markets for power generation, marine, oil & gas and industrial manufacturing.

Buy £1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-23 FKI Logistex Group

St. Louis, Missouri, United States

FKI Logistex Group Ltd. is a provider of automated material handling solutions, supplying its customers with an integrated set of leading-edge technologies in high-speed sortation, conveyor systems, palletizing, paperless pick products, AS/RS, controls, order fulfillment systems, RFID implementation, EDS integration, baggage handling systems, warehouse control systems, and total material handling automation.

Sell -
Mergr

Product

Company

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