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M&A Deal Summary

Multiquip Acquires STOW/BOMAG

On January 1, 2002, Multiquip acquired manufacturer STOW/BOMAG from SPX Technologies

Acquisition Highlights
  • This is Multiquip’s 1st transaction in the Manufacturing sector.
  • This is Multiquip’s 1st transaction in Germany.

M&A Deal Summary
Date 2002-01-01
Target STOW/BOMAG
Sector Manufacturing
Buyer(s) Multiquip
Sellers(s) SPX Technologies
Deal Type Divestiture

Target

STOW/BOMAG

Germany
STOW manufactures light construction equipment including concrete mixers, mortar mixers, vibrators, trowels, saws and other equipment primarily for the masonry industry.

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Buyer(S) 1

Buyer

Multiquip

Carson, California, United States
Category Company
Founded 1973
Sector Machinery
DESCRIPTION

Multiquip Inc. is a manufacturer and distributor of light and medium construction equipment including; soil compaction, concrete placement and concrete finishing equipment, dewatering pumps, portable power generation, welders and light towers.

DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States
Category Company
Founded 1912
Sector Machinery
Employees4,300
Revenue 2.0B USD (2024)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a provider of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 23
Sector: Manufacturing M&A 2 of 7
Type: Divestiture M&A Deals 3 of 23
Country: Germany M&A 1 of 3
Year: 2002 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 KING Co.

Owatonna, Minnesota, United States

KING is a world in the production of specialized air handling and conditioning equipment serving critical process industries (primarily food processing) and other diverse industrial end-markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Daniel Valve Co.

Houston, Texas, United States

Daniel Valve manufactures, markets, and services specialty valves and flow control solutions for crude oil and liquid petroleum product pipeline transmission, storage and distribution applications.

Buy -
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