Engineering’s top deals, September 1999

{{DEAL WATCH

THE BUYER THE DEAL THE TARGET PRICE £M DATE EFFECTIVE

Rolls-Royce (UK) acquired Vickers (UK) 576 SeptemberRolls-Royce has bought the entire Vickers business – marinedivision, components business and defence systems.

Weatherford International (US) acquired Petroline WellSystems (UK) 104 SeptemberAberdeen-based oil engineering business bought from its founders,the Zwart family, by Houston-based Weatherford.

Wagon (UK) acquired Aries Structures (France) 77 SeptemberWagon bought French supplier of automotive door systems and bodystructures.

Ascot (UK) acquired remaining 70% of Chirotech Technology (UK) 59 September

Senior (UK) acquired aerospace ducting division of Cork Industries (UK) 52 September

Avesta Sheffield(Sweden) acquired Lee Steel Strip (UK) 21 September

Vickers (UK) acquired Reumech OMC (South Africa) 12 September

Theiss Contractors (Australia) acquired 50% stake in Silcar Maintenance Services 3.2 SeptemberThe 50% stake was bought from Simon Group (UK). Silcar is a jointventure between Siemens and Simon Group.

Adco Group (UK) acquired Iles Optical (UK) 1.5 SeptemberColchester-based industrial workwear firm Adco bought eye protectionsupplier from Blagden Plc.

Jourdan (UK) acquired 6.7% stake in SEP Industrial Holdings (UK) 0.7 SeptemberAndover-based Corby Trouser Press maker Jourdan bought stake infastenings supplier SEP of Goldalming, Surrey.

Webgrove Holdings (UK) acquired Arnold Plastics (UK) 0.8 SeptemberInjection moulded components supplier Webgrove bought injectionmoulding and tool maker Arnold from the Alumasc Group, Kettering.

Source: Corpfin}}