1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. Michigan >
  6. Woodward Acquires Textron - Fuel Systems Business

M&A Deal Summary

Woodward Acquires Textron - Fuel Systems Business

On June 1, 1998, Woodward acquired test/measurement equipment company Textron - Fuel Systems Business from Textron for 160M USD

Acquisition Highlights
  • This is Woodward’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Woodward’s 5th largest (disclosed) transaction.
  • This is Woodward’s 1st transaction in the United States.
  • This is Woodward’s 1st transaction in Michigan.

M&A Deal Summary
Date 1998-06-01
Target Textron - Fuel Systems Business
Sector Test/Measurement Equipment
Buyer(s) Woodward
Sellers(s) Textron
Deal Type Divestiture
Deal Value 160M USD

Target

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Woodward

Fort Collins, Colorado, United States
Category Company
Founded 1870
Sector Test/Measurement Equipment
Employees8,800
Revenue 3.3B USD (2024)
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. It 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 1 of 9
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 5
Year: 1998 M&A 1 of 1
Size (of disclosed) 5 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-21 Synchro Start Products

Niles, Illinois, United States

Synchro Start Products, Inc. is a designer, developer, and manufacturer of actuators, solenoids, and controls for industrial engines and equipment.

Buy -

Seller(S) 1

SELLER

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 3 of 16
Sector: Test/Measurement Equipment M&A 1 of 2
Type: Divestiture M&A Deals 3 of 15
State: Michigan M&A 1 of 3
Country: United States M&A 3 of 14
Year: 1998 M&A 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-28 Peiner Umformtechnik

Germany

Peiner Umformtechnik GmbH is a manufacturer of large-diameter, cold-formed and hot-forged bolts and nuts for large truck, heavy industrial and construction customers, such as Mercedes Group, Motoren Werke and John Deere.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-17 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.

Buy -
Mergr

Solution for

Product

Company

Legal