M&A Deal Summary

Woodward Acquires L’Orange

On April 9, 2018, Woodward acquired automotive company L’Orange from Rolls-Royce Power Systems AG for 700M EUR

Acquisition Highlights
  • This is Woodward’s 1st transaction in the Automotive sector.
  • This is Woodward’s 0th largest (disclosed) transaction.
  • This is Woodward’s 2nd transaction in Germany.

M&A Deal Summary
Date 2018-04-09
Target L’Orange
Sector Automotive
Buyer(s) Woodward
Sellers(s) Rolls-Royce Power Systems AG
Deal Type Divestiture
Deal Value 700M EUR

Target

L’Orange

Stuttgart, Germany
L’Orange GmbH is a provider of fuel injection systems for industrial diesel, heavy fuel oil and dual-fuel engines. L’Orange was founded in 1933 and is based in Stuttgart, Germany.

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Buyer(S) 1

Buyer

Woodward

Fort Collins, Colorado, United States
Category Company
Founded 1870
Sector Test/Measurement Equipment
Employees8,800
Revenue 2.9B USD (2023)
DESCRIPTION
Entrance to Woodward's corporate headquarters in Fort Collins, Colorado.
Entrance to Woodward's corporate headquarters in Fort Collins, Colorado.

Woodward is a designer, manufacturer, and service provider of energy control and optimization solutions. Woodward designs, produces and services reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The Company has production and assembly facilities in the US, Europe and Asia, and promotes its products and services globally. Woodward was founded in 1870 and is based in Fort Collins, Colorado.

DEAL STATS #
Overall 8 of 8
Sector (Automotive) 1 of 1
Type (Divestiture) 4 of 4
Country (Germany) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 Duarte Business

Duarte, California, United States

Duarte Business is a producer of hydraulic thrust reverser actuation systems business located in Duarte, California.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Woodward - RPS Business & Protection Relays Business

Fort Collins, Colorado, United States

Woodward's Renewable Power Systems produces converters and other key components used in wind turbines at its production sites in Kempen, Germany and Krakow, Poland. It is also active in the converter aftermarket, selling spare parts for the installed base, providing service contracts, training service personnel and delivering hardware and software upgrades through its global aftermarket services organization. Protection Relays Business is in protection relays and equipment that monitors electrical parameters.

Sell -

Seller(S) 1

SELLER

Rolls-Royce Power Systems AG

Friedrichshafen, Germany
Category Company
Sector Machinery
Revenue 2.6B EUR (2010)
DESCRIPTION

Rolls-Royce Power Systems AG is a supplier of off-highway diesel engines and complete drive systems for ships, heavy land and rail vehicles, industrial applications and decentralized power generation plants.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
Country (Germany) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 MTU Detroit Diesel Australia Pty

Altona North,, Australia

MTU-DDA is a major distributor of diesel and gas engines and power systems, representing some of the most innovative and well-respected brands in the industry.

Sell -
Mergr

Product

Company

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