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M&A Deal Summary

Textron Acquires Valeo Wiper Systems

On July 1, 1996, Textron acquired automotive company Valeo Wiper Systems from Valeo

Acquisition Highlights
  • This is Textron’s 2nd transaction in the Automotive sector.
  • This is Textron’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 1996-07-01
Target Valeo Wiper Systems
Sector Automotive
Buyer(s) Textron
Sellers(s) Valeo
Deal Type Divestiture

Target

Valeo Wiper Systems

United Kingdom
Valeo Wiper Systems Ltd. is a supplier of washer systems to automotive Original Equipment Manufacturers (OEMs) worldwide. The washer systems business of VWS is the UK’s leader in windshield washer systems including headlamp wash system technology and related products servicing U.K. and European automotive original equipment manufacturers (OEMs).

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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 5 of 48
Sector: Automotive M&A 2 of 12
Type: Divestiture M&A Deals 2 of 8
Country: United Kingdom M&A 1 of 7
Year: 1996 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Camelin Decolletage Industries

Besancon, France

Camelin produces components for car braking and interior safety systems, as well as for domestic appliances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-09-20 The Bunton Co.

Louisville, Kentucky, United States

The Bunton Co. is a manufacturer of rotary lawn-care equipment for commercial markets. The Bunton Company manufactures high-quality, commercial lawn-care equipment, including rotary, hydrostatic and zero-turn radius mowers marketed to dealers and distributors in the United States, Europe and Canada. With approximately 100 employees, Bunton's 1995 sales were $19 million.

Buy -

Seller(S) 1

SELLER

Valeo

Paris, France
Category Company
Founded 1923
Sector Automotive
Employees106,100
Revenue 21.5B EUR (2024)
DESCRIPTION

Valeo is an automotive provider, partner to all automakers worldwide. Valeo was founded in 1923 and is based in Paris, France.

DEAL STATS #
Overall 1 of 5
Sector: Automotive M&A 1 of 4
Type: Divestiture M&A Deals 1 of 5
Country: United Kingdom M&A 1 of 1
Year: 1996 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-25 Shanghai VALEO Automotive Electrical Systems Co.

Shanghai, China

Shanghai VALEO Automotive Electrical Systems Co., Ltd. is a manufacturer of automotive components.

Buy $1.7B
Mergr

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