M&A Deal Summary |
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Date | 1998-08-17 |
Target | Datacom Technologies |
Sector | Test/Measurement Equipment |
Buyer(s) | Textron |
Deal Type | Add-on Acquisition |
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Category | Company |
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Founded | 1923 |
Sector | Diversified |
Employees | 35,000 |
Revenue | 13.7B USD (2023) |
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 conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.
DEAL STATS | # |
---|---|
Overall | 18 of 48 |
Sector (Test/Measurement Equipment) | 1 of 3 |
Type (Add-on Acquisition) | 14 of 39 |
State (Washington) | 1 of 1 |
Country (United States) | 8 of 30 |
Year (1998) | 5 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
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1998-06-01 |
Textron - Fuel Systems Business
Zeeland, Michigan, United States Textron, Inc. - Fuel Systems Business designs, develops and manufactures fuel injection nozzles, spray manifolds, and fuel metering and distribution valves for gas turbine engines. FST serves the aircraft (military and commercial) and industrial engine markets and also provides commercial repair and overhaul services. Fuel Systems Textron Inc., based in Zeeland, MI, is a leading maker of fuel systems components for aircraft and industrial gas turbine engines with facilities located in Zeeland, MI; Harvard, IL; and Greenville, SC. FST employs over 440 people. |
Sell | $160M |
DATE | TARGET | DEAL TYPE | VALUE |
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1998-08-28 |
Midland Industrial Plastics
Birmingham, United Kingdom Midland Industrial Plastics is a maker of automotive interior and exterior trim components for European automakers. With headquarters near Birmingham, England, MIP's two plants in nearby Stourport and Elmdon are well-situated to serve new and existing customers. MIP's product offerings include door panel assemblies, instrument panels, molded seatbacks, rear window package shelves and trunk liners. |
Buy | - |