M&A Deal Summary |
|
|---|---|
| Date | 1999-10-07 |
| Target | Progressive Manufacturing |
| Sector | Technology Hardware |
| Buyer(s) | Textron |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| 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 | 28 of 48 |
| Sector (Technology Hardware) | 1 of 1 |
| Type (Add-on Acquisition) | 22 of 39 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 14 of 30 |
| Year (1999) | 8 of 14 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1999-10-27 |
AB Benzlers
Helsingborg, Sweden AB Benzlers is a manufacturer of mechanical power transmission products for the material handling, paper and food industries. AB Benzlers produces worm, helical and shaft mounted gears, as well as geared motors and screw jacks at two manufacturing facilities in Sweden and Italy. These products are sold and distributed to the material handling, paper and food industries through 18 sales and distribution offices in Sweden (4), Denmark, Finland, Norway, Austria, Belgium, France, Germany, Italy, the Netherlands, the United Kingdom, Australia, Indonesia, Malaysia and Singapore. |
Buy | - |
