M&A Deal Summary |
|
|---|---|
| Date | 2001-07-02 |
| Target | Textron electric motor |
| Sector | Machinery |
| Buyer(s) | Johnson Electric Holdings |
| Sellers(s) | Textron Automotive |
| Deal Type | Divestiture |
| Deal Value | 13M USD |
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| Category | Company |
|---|---|
| Founded | 1959 |
| Sector | Electrical Equipment |
| Employees | 35,000 |
| Revenue | 3.2B USD (2021) |
Johnson Electric is a provider of electric motors and motion subsystems. It serves a broad range of industries including automotive, building automation and security, business machines, security and aerospace, food and beverage equipment, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment and power tools. Johnson Electric was founded in 1959 and is based in Sha Tin, China.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 9 |
| Sector (Machinery) | 1 of 2 |
| Type (Divestiture) | 1 of 2 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2001) | 1 of 2 |
| Size (of disclosed) | 6 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-08-16 |
ArvinMeritor - Seat Motor
United States ArvinMeritor's Seat Motor business engages in the manufacture and sale of seat motors. |
Buy | $12M |
Textron Automotive Company, Inc. engages in the manufacture and supply of machine tools, components, and assembly systems for the automotive and commercial markets worldwide.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Machinery) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New Hampshire) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2001) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
