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  6. Textron Acquires OmniQuip International

M&A Deal Summary

Textron Acquires OmniQuip International

On August 23, 1999, Textron acquired machinery company OmniQuip International for 477M USD

Acquisition Highlights
  • This is Textron’s 7th transaction in the Machinery sector.
  • This is Textron’s 4th largest (disclosed) transaction.
  • This is Textron’s 13th transaction in the United States.
  • This is Textron’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 1999-08-23
Target OmniQuip International
Sector Machinery
Buyer(s) Textron
Deal Type Add-on Acquisition
Deal Value 477M USD

Target

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.

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Buyer(S) 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 STATS #
Overall 26 of 48
Sector: Machinery M&A 7 of 11
Type: Add-on Acquisition M&A Deals 20 of 39
State: Wisconsin M&A 1 of 1
Country: United States M&A 13 of 30
Year: 1999 M&A 6 of 14
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-27 Aylesbury Automation

Aylesbury, United Kingdom

Aylesbury Automation Ltd. manufactures self-piercing and cold-forged rivets, and automation systems for a variety of applications including automotive and electronics. With one facility in Aylesbury, U.K., Aylesbury Automation Limited's key product lines include self-piercing rivets sold under the brand name Fastriv, and automation systems. These automation systems include delivery systems for installing Fastriv rivets, vibratory parts feeders, rotary tables and elevators for use in various industrial processes, as well as standard automated rivet setting machines.

Buy -
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