Divestiture • Energy Services and Equipment

Textron Acquires KSB Annecy SAS

On December 3, 1999, Textron acquired energy services and equipment company KSB Annecy SAS from KSB

Acquisition Context
  • This is Textron’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Textron’s 4th transaction in Germany.

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M&A Deal Summary

Date December 3, 1999
Target KSB Annecy SAS
Sector Energy Services and Equipment
Buyer(s) Textron
Sellers(s) KSB
Deal Type Divestiture

Target Company

KSB Annecy SAS

Schwedt, Germany
KSB Annecy SAS designs and manufactures pumps for the oil and gas industry as well as safety-related pumps for nuclear power plants.
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Buyer Overview 1

Buyer

Textron

Providence, Rhode Island, United States

Category Company
Founded 1923
Sector Diversified
Employees34,000
Revenue 13.7B USD (2024)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron was founded in 1923 and is based in Providence, Rhode Island.


Deal Context for Buyer #
Overall 33 of 48
Sector: Energy Services and Equipment 2 of 2
Type: Divestiture 8 of 8
Country: Germany 4 of 4
Year: 1999 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-03 Cam Tool

Detroit, Michigan, United States

Cam Tool LLC is a specialized tooling manufacturing and fastener machinery repair parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-16 RIFOCS

Camarillo, California, United States

RIFOCS Corp. designs, manufactures and distributes fiber optic test and measurement equipment, including optical power meters, LED and laser sources, variable attenuators and visual fault finders. RIFOCS also manufactures a range of fiber optics components and accessories designed for field, manufacturing and product qualification in commercial, industrial, and aerospace defense applications.

Buy -

Seller Profile 1

SELLER

KSB

Frankenthal, Germany

Category Company
Founded 1871
Sector Manufacturing
Employees16,038
Revenue 3.0B EUR (2024)
DESCRIPTION

KSB is a manufacturer and seller of pumps, valves, and related systems. KSB was founded in 1871 and is based in Frankenthal, Germany.


Deal Context for Seller #
Overall 1 of 3
Sector: Energy Services and Equipment 1 of 2
Type: Divestiture 1 of 3
Country: Germany 1 of 2
Year: 1999 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-29 Standard Alloys & Manufacturing Co.

Port Arthur, Texas, United States

Standard Alloys & Manufacturing Co. is a equipment repair company, offers parts, repairs, assemblies, and pumps.

Buy -