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M&A Deal Summary

Emerson Acquires Textron - Tools and Test Equipment

On April 18, 2018, Emerson acquired test/measurement equipment company Textron - Tools and Test Equipment from Textron for 810M USD

Acquisition Highlights
  • This is Emerson’s 8th transaction in the Test/Measurement Equipment sector.
  • This is Emerson’s 6th largest (disclosed) transaction.
  • This is Emerson’s 35th transaction in the United States.
  • This is Emerson’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2018-04-18
Target Textron - Tools and Test Equipment
Sector Test/Measurement Equipment
Buyer(s) Emerson
Sellers(s) Textron
Deal Type Divestiture
Deal Value 810M USD

Target

Textron - Tools and Test Equipment

Providence, Rhode Island, United States
Textron, Inc. - Tools and Test Equipment is a manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly respected brands, including Greenlee and Klauke.

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Buyer(S) 1

Buyer

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 51 of 68
Sector (Test/Measurement Equipment) 8 of 9
Type (Divestiture) 9 of 11
State (Rhode Island) 1 of 1
Country (United States) 35 of 44
Year (2018) 2 of 4
Size (of disclosed) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 ProSys

Baton Rouge, Louisiana, United States

ProSys, Inc. is a provider of software and services that increase production and safety for the chemical, oil and gas, pulp and paper, and refining industries. ProSys is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 AVENTICS

Laatzen, Germany

AVENTICS GmbH is a manufacturer of pneumatics, marine technology, commercial vehicle technology, and inverted tooth chains. AVENTICS is based in Laatzen, Germany.

Buy €527M

Seller(S) 1

SELLER

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
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 conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 14 of 16
Sector (Test/Measurement Equipment) 2 of 2
Type (Divestiture) 13 of 15
State (Rhode Island) 3 of 4
Country (United States) 12 of 14
Year (2018) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 Arctic Cat

Plymouth, Minnesota, United States

The Arctic Cat brand is among the most widely recognized and respected in the recreational vehicle industry. The company designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles, in addition to related parts, garments and accessories under the Arctic Cat® and Motorfist® brand names. Arctic Cat Inc.’s world headquarters is located in Minneapolis, Minnesota.

Buy $247M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Textron - Dixie Chopper Business

Providence, Rhode Island, United States

Textron, Inc. - Dixie Chopper Business manufactures a wide range of commercial and high-end residential mowing equipment. The business, which is currently based in Greencastle, Indiana, has been serving this market for nearly 40 years.

Sell -
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