M&A Deal Summary

Fairbanks Morse Defense Acquires Rolls-Royce Naval Propulsors & Handling Business

On September 19, 2024, Fairbanks Morse Defense acquired machinery company Rolls-Royce Naval Propulsors & Handling Business from Rolls Royce Holdings

Acquisition Highlights
  • This is Fairbanks Morse Defense’s 2nd transaction in the Machinery sector.
  • This is Fairbanks Morse Defense’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2024-09-19
Target Rolls-Royce Naval Propulsors & Handling Business
Sector Machinery
Buyer(s) Fairbanks Morse Defense
Sellers(s) Rolls Royce Holdings
Deal Type Divestiture

Target

Rolls-Royce Naval Propulsors & Handling Business

London, United Kingdom
Rolls-Royce Naval Propulsors & Handling Business provides power solutions for customers from designing and developing through aftermarket support and product servicing. It provides propulsion equipment - including Controllable-Pitch Propellers, Fixed-Pitch Propellers, and Waterjets for a wide range of U.S. Navy platforms, including Frigates, Destroyers, Combatants, Submarines, Aircraft Carriers, Amphibious ships, Fleet Support and Auxiliary Ships, as well as U.S. Coast Guard Cutters.

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Buyer(S) 1

Buyer

Fairbanks Morse Defense

Beloit, Wisconsin, United States
Category Company
Founded 1871
Sector Machinery
DESCRIPTION

Fairbanks Morse Defense develops and manufactures heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse and ALCO brand names, which are used primarily in marine and power generation applications. Fairbanks Morse Defense was founded in 1871 and is based in Beloit, Wisconsin.

DEAL STATS #
Overall 12 of 12
Sector (Machinery) 2 of 2
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-26 AMMCON

Jacksonville, United States

AMMCON is a fittings and assembled components manufacturer for marine customers.

Buy -

Seller(S) 1

SELLER

Rolls Royce Holdings

London, United Kingdom
Category Company
Founded 1884
Sector Aerospace
Employees41,400
Revenue 16.5B GBP (2023)
DESCRIPTION
Rolls Royce office in Reston, Virginia.
Rolls Royce office in Reston, Virginia.

Rolls-Royce is a provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy. Rolls-Royce Holdings was founded in 1884 and is based in London, England.

DEAL STATS #
Overall 8 of 8
Sector (Machinery) 2 of 2
Type (Divestiture) 8 of 8
Country (United Kingdom) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 ITP Aero

Zamudio, Spain

ITP Aero is an aerospace and engine component supplier in the world with its production centres in Spain, UK, Mexico, Malta, and India. ITP Aero’s activities include the design, research and development, manufacturing and casting, assembly, and testing of aeronautical modules and engines for commercial aviation and defense applications. It also provides maintenance repair and overhaul (MRO) services for a wide range of business jet and defense engines, including providing MRO services to the Spanish Ministry of Defence. ITP Aero is based in Zamudio, Spain.

Sell €1.7B
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