DEAL WATCH: Engineering’s top deals, July 1999

{{DEAL WATCH

THE COMPANY THE DEAL PRICE DATE EFFECTIVE

AlliedSignal (US) acquired electronic materials division of Johnson Matthey (UK) £420m JulyAlliedSignal bought Johnson Matthey’s electronic materials division,which provides advanced interconnect products and semiconductormaterials to the electronics industry.

DaimlerChrysler (US/Germany) acquired 40% of TAG McLaren (UK) £300m July

Glynwed (UK) acquired IPEX (Canada) £224m July

Weir Group (UK) acquired Warman International (Australia) £195m July

PowerGen (UK) acquired 46.3% of Gujarat Torrent Energy (India) £159m JulyPowergen added to its 27.8% share in Gujarat Torrent Energy to gaina controlling interest in the company, with Siemens retaining aminority stake.

Cookson Group (UK) acquired Plaskon Electronic Materials (US) £77m Sept

L Gardner Group (UK) acquired Cirqual (UK) £77m July

STERIS acquired Isotron (UK) £71m July

Severn Trent (UK) acquired four US companies £40m JulySevern Trent bought Precision Laboratories and Savannah Laboratoriesas well as water treatment companies Tetra Processes and Samsco.

Smith & Nephew (UK) acquired Exogen (US) £40m Sept

Clares Equipment Group (UK) acquired Calderburn (UK) £28m AugSomerset-based airport and supermarket equipment manufacturer boughtdealing-desk manufacturer Calderburn. Once the deal is complete,Clares will be 48.3% owned by 3i.

GEC (UK) acquired RDC Communications (Israel) £25m AugWireless networking company RDC Communications will join GeneralElectric’s Marconi Communications subsidiary.

Glynwed (UK) acquired Victory Refrigeration (US) £16m July

Trident Analytical (UK) acquired G Cussons Holdings (UK) £11m July

Summerbok (UK) acquired Forward technology Industries (UK) £10m July

Van Geel Group (Netherlands) acquired Rieth & Co from Invensys (UK) £8m JulyInvensys sold German cable tray and ladder supplier Rieth toNetherlands-based holding company Van Geel.

Saab (Sweden) acquired Barracuda Technologies from Alvis (UK) £6m AugSaab bought Swedish camouflage supplier Barracuda from HagglundsVehicle, a subsidiary of Alvis.

Halma (UK) acquired Oklahoma Safety Equipment (US) £5m July

Roberts Gordon acquired Combat Engineering from Europe (UK) Energy Technique (UK) £5m AugRoberts Gordon bought heating equipment manufacturer CombatEngineering from West Midlands-based environmental control makerEnergy Technique.

Hi Ton (UK) management buy-out from Hampson Industries (UK) £5m JulyWest Midlands designer and manufacturer of precision automotiveparts Hi Ton bought out from Hampson Industries

Forward Industries (UK) management buy-out from Solvera £3m JulySwindon nuclear power and hydraulic equipment maker ForwardIndustries bought out from Solvera, currently in administration.

GEC (US) acquired Govan Shipyard from Kvaerner (UK/Norway) £3m July

Syltone (UK) acquired Priestman Equipment (UK) £3m July

Source: Corpfin}}