M&A Deal Summary

Oshkosh Acquires JBT s AeroTech Business

On May 30, 2023, Oshkosh acquired aerospace company JBT s AeroTech Business from JBT for 800M USD

Acquisition Highlights
  • This is Oshkosh’s 1st transaction in the Aerospace sector.
  • This is Oshkosh’s 2nd largest (disclosed) transaction.
  • This is Oshkosh’s 11th transaction in the United States.
  • This is Oshkosh’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2023-05-30
Target JBT s AeroTech Business
Sector Aerospace
Buyer(s) Oshkosh
Sellers(s) JBT
Deal Type Divestiture
Deal Value 800M USD

Target

JBT s AeroTech Business

Chicago, Illinois, United States
JBT's AeroTech Business is a provider of aviation ground support products, gate equipment and airport services to commercial airlines, airports, air-freight carriers, ground handling and military customers. JBT's AeroTech Business is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Oshkosh

Oshkosh, Wisconsin, United States

website


Category Company
Founded 1917
Sector Automotive
Employees14,000
Revenue 8.3B USD (2022)
DESCRIPTION
Entrance to Oshkosh's corporate headquarters in Oshkosh, Wisconsin.
Entrance to Oshkosh's corporate headquarters in Oshkosh, Wisconsin.

Oshkosh is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies. The Company partners with customers to deliver solutions that move people and materials. Oshkosh was founded in 1917 and is based in Oshkosh, Wisconsin.


DEAL STATS #
Overall 15 of 16
Sector (Aerospace) 1 of 1
Type (Divestiture) 3 of 3
State (Illinois) 2 of 2
Country (United States) 11 of 11
Year (2023) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 London Machinery

London, Ontario, Canada

London Machinery is a manufacturer of concrete mixers trucks. London Machinery as a sole distributor of McNeilus refuse trucks, we offer a complete line of severe duty products. London Machinery was founded in 1906 and is based in London, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 AUSA

Manresa, Spain

AUSA is a privately held international company and manufacturer of wheeled dumpers, rough terrain forklifts, and telehandlers for the construction, material handling, agriculture, landscape, and specialty equipment industries. AUSA is based in Manresa, Spain.

Buy -

Seller(S) 1

SELLER

JBT

Chicago, Illinois, United States

website


Category Company
Founded 1994
Sector Machinery
Employees7,200
Revenue 2.2B USD (2022)
DESCRIPTION

JBT is a global technology solutions provider to the food processing and air transportation industries. JBT Corporation designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. JBT was incorporated in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Bevcorp

Eastlake, Ohio, United States

Bevcorp is a provider of equipment and aftermarket support for the beverage processing and packaging market in the United States. The business provides core technology solutions in blending, handling, filling, and closing to a range of diverse customers, including blue chip companies. Bevcorp is based in Eastlake, Ohio.

Buy $290M