Divestiture • Automotive

Textron Acquires ALSTOM Gears

On July 1, 1999, Textron acquired automotive company ALSTOM Gears from Alstom

Acquisition Context
  • This is Textron’s 11th transaction in the Automotive sector.
  • This is Textron’s 6th transaction in the United Kingdom.

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M&A Deal Summary

Date July 1, 1999
Target ALSTOM Gears
Sector Automotive
Buyer(s) Textron
Sellers(s) Alstom
Deal Type Divestiture

Target Company

ALSTOM Gears

United Kingdom
ALSTOM Gears manufactures and sells a range of gears and gearboxes, including high-speed epicyclic and parallel shaft gearboxes, for the industrial, rail and marine industries.
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Buyer Overview 1

Buyer

Textron

Providence, Rhode Island, United States

Category Company
Founded 1923
Sector Diversified
Employees34,000
Revenue 13.7B USD (2024)
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 was founded in 1923 and is based in Providence, Rhode Island.


Deal Context for Buyer #
Overall 25 of 48
Sector: Automotive 11 of 12
Type: Divestiture 6 of 8
Country: United Kingdom 6 of 7
Year: 1999 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-24 Energy Manufacturing Co.

Monticello, Iowa, United States

Energy Manufacturing Co., Inc. is a designer, manufacturer and marketer of hydraulic cylinders, valves, electrohydraulic and mechanohydraulic power systems, and related components and accessories. The Company sells its products to a broad base of more than 800 customers that includes original equipment manufacturers in the refuse compactor, recycling bailer, truck hoist, agricultural, construction, material handling, distribution, log-splitting and forestry, aerial lift, and lawn and turf care industries, among others, as well as fluid power distributors and catalog houses. Energy is based in Monticello, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-23 OmniQuip International

Port Washington, Wisconsin, United States

OmniQuip International, Inc. is a manufacturer of light construction equipment including telescopic material handlers, aerial work platforms and skid steer loaders. The company also manufactures aerial work platforms, skid steer loaders, power lifters and power haulers and markets a line of mini-excavators. OmniQuip's products are used in a wide variety of applications by commercial and residential building contractors, as well as by customers in other construction, military, industrial and agricultural markets.

Buy $477M

Seller Profile 1

SELLER

Alstom

Saint-Ouen, France

Category Company
Founded 1992
Sector Energy Services and Equipment
Employees86,039
Revenue 18.5B EUR (2025)
DESCRIPTION

Alstom is a provider of electrical generation and transmission products, including turbines for hydroelectric, gas, coal, and nuclear-powered plants. Alstom was founded in 1992 and is based in Saint-Ouen, France.


Deal Context for Seller #
Overall 1 of 3
Sector: Automotive 1 of 1
Type: Divestiture 1 of 3
Country: United Kingdom 1 of 1
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-17 ER Equipamentos Elétricos

Brazil

ER Equipamentos Elétricos is a specialist manufacturer of air core reactors and line traps in Brazil. In the last 20 years, ER has supplied more than 1,800 line traps and 3,200 air core reactors to both the Brazilian and international markets. ER’s activities, including its extensive range of line traps for high frequency carrier transmission over high voltage lines and air core reactors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-19 Sunvic Group

Solingen, Germany

Sunvic Group is a German company specialised in projects and services in the area of electrical contracting and instrumentation , particularly for the petrochemical and chemical industries. SUNVIC, with its headquarters based in Solingen , has a turnover of 90 million euros and employs some 700 people. This company holds a strong local presence in Germany and in the Benelux countries.

Buy -