M&A Deal Summary

Melrose Industries Acquires FKI

On April 22, 2008, Melrose Industries acquired manufacturer FKI for 478M GBP

Acquisition Highlights
  • This is Melrose Industries’ 3rd transaction in the Manufacturing sector.
  • This is Melrose Industries’ 5th largest (disclosed) transaction.
  • This is Melrose Industries’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2008-04-22
Target FKI
Sector Manufacturing
Buyer(s) Melrose Industries
Deal Type Add-on Acquisition
Deal Value 478M GBP

Target

FKI

Loughborough, United Kingdom
FKI comprises the Brush business and the Bridon business. Brush Turbogenerators is a manufacturer of electricity generating equipment for the power generation, industrial, oil & gas and offshore sectors. Bridon designs and manufactures a comprehensive range of lifting and stabilising solutions for applications in wire rope, fibre rope, steel wire and strand. The company services global customers in the oil & gas, mining, industrial, marine and infrastructure sectors.

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Buyer(S) 1

Buyer

Melrose Industries

London, United Kingdom

Category Company
Founded 2003
Sector Machinery
Employees12,291
Revenue 3.5B GBP (2024)
DESCRIPTION

Melrose Industries is a buyer good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders. Melrose Industries was founded in 2003 and is based in London, United Kingdom.


DEAL STATS #
Overall 3 of 8
Sector: Manufacturing M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 7
Country: United Kingdom M&A 1 of 2
Year: 2008 M&A 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-22 Marelli Motori

Arzignano, Italy

Marelli Motori SpA is a manufacturer of generators and electric motors. With five overseas offices in Germany, UK, Malaysia, USA and South Africa it serves worldwide markets for power generation, marine, oil & gas and industrial manufacturing.

Buy £1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-23 FKI Logistex Group

St. Louis, Missouri, United States

FKI Logistex Group Ltd. is a provider of automated material handling solutions, supplying its customers with an integrated set of leading-edge technologies in high-speed sortation, conveyor systems, palletizing, paperless pick products, AS/RS, controls, order fulfillment systems, RFID implementation, EDS integration, baggage handling systems, warehouse control systems, and total material handling automation.

Sell -