Scottish entrepreneur buys David Brown from Textron in a USD1bn deal

摘要

CLYDE BLOWERS, the East Kilbride-based group owned by Scottish entrepreneur Jim McColl, is buying Textron's Fluid & Power Division, which consists of UK-based David Brown Gear Systems and David Brown Hydraulics, as well as the Swiss pump-maker Maag and US-based Union Pumps. The deal will double Clyde Blowers' global workforce to around 5,000 and take its turnover from ￡700m to around ￡1.2bn. The acquired businesses are expected to generate about USD675m in revenues this year. McColl plans to integrate Union Pumps with Clyde Pumps, the company he formed last year following his purchase of Weir Pumps - the company where he started his working life as a 16-year-old apprentice engineer, almost 40 years ago.