PMSI

Clyde Blowers Acquires Textron Fluid & Power Division

PMSI provided market diligence for the transaction. The division comprises four businesses, two of which feature a famous name in British engineering. David Brown Gear Systems, based in Huddersfield, has 1,113 employees at 18 locations in 11 countries. David Brown Hydraulics, based in Poole, has 119 employees in nine countries.

Mr McColl said: "I am delighted to sign a deal of this magnitude, especially in the current economic climate. We are talking a total value of $1bn."

Steve Whant led the PMSI work "this transaction is a transformational deal for Clyde Blowers and will greatly enhance its participation in critical engineering markets globally"

Visit Textron Inc The Fluid & Power Division Website at www.textron.com
Visit Clyde Blowers Website at www.clydeblowers.co.uk