M&A Deal Summary

Textron Acquires Datacom Technologies

On August 17, 1998, Textron acquired test/measurement equipment company Datacom Technologies

Acquisition Highlights
  • This is Textron’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Textron’s 8th transaction in the United States.
  • This is Textron’s 1st transaction in Washington.

M&A Deal Summary
Date 1998-08-17
Target Datacom Technologies
Sector Test/Measurement Equipment
Buyer(s) Textron
Deal Type Add-on Acquisition

Target

Datacom Technologies

Everett, Washington, United States
Datacom Technologies is a manufacturer of cable test instruments used in installing and servicing information technology networks. Based in Everett, Washington, Datacom employs approximately 75 people. The company's products are sold to network wiring contractors, technicians, service representatives and administrators. Its test instruments are used worldwide to certify the quality of information network cables.

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Buyer(S) 1

Buyer

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
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 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
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
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 -
Mergr

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Company

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