M&A Deal Summary

JBT Acquires LEKTRO

On January 22, 2019, JBT acquired aerospace company LEKTRO for 48M USD

Acquisition Highlights
  • This is JBT’s 2nd transaction in the Aerospace sector.
  • This is JBT’s 9th largest (disclosed) transaction.
  • This is JBT’s 6th transaction in the United States.
  • This is JBT’s 1st transaction in Oregon.

M&A Deal Summary
Date 2019-01-22
Target LEKTRO
Sector Aerospace
Buyer(s) JBT
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

LEKTRO

Warrenton, Oregon, United States
LEKTRO, Inc. is a manufacturer of electric aviation ground support equipment based in Warrenton, Oregon. We produce a wide variety of towbarless aircraft pushback tractors, each uniquely suited for their class of operation. Whether you need to move a piston-engined aircraft, business jet, commercial airliner, or a military aircraft, there is a LEKTRO model built for you.

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Buyer(S) 1

Buyer

JBT

Chicago, Illinois, United States
Category Company
Founded 1994
Sector Machinery
Employees5,100
Revenue 1.7B USD (2023)
DESCRIPTION

JBT is a global technology solutions provider to food processing and air transportation industries. JBT 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 12 of 18
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 9 of 15
State (Oregon) 1 of 1
Country (United States) 6 of 8
Year (2019) 1 of 2
Size (of disclosed) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-12 FTNON

Almelo, Netherlands

FTNON is a developer and manufacturer of equipment specialized in the processing of chilled fresh fruit and vegetables, frozen and canned products. FTNON is based in Almelo, Netherlands.

Buy €32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 Proseal UK

Cheshire, United Kingdom

Proseal UK Ltd. is a provider of tray sealing technology for the food industry. Tray sealing is a packaging technology used across a broad spectrum of food products, including ready meals, fresh produce, sandwiches, and proteins, that enhances freshness and flavor by sealing the product with film over a preformed tray. Proseal UK Ltd. was founded in 1998 and is based in Cheshire, United Kingdom.

Buy £220M
Mergr

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