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     engineering

This page provides some benchmarks for acquisitions and disposals during the telecommunication booms and busts of the past twenty years.

It covers -

• engineering
• construction
• materiel
• services
• equipment

     engineering

Engineering landmarks include -

• Ingersoll Rand buys Trane for US$10bn in 2007
• Tenaris agrees to buy Maverick Tube for US$3.19bn in 2006
• Textron Fastening Systems acquired by Platinum Equity for US$630m in 2006
• Amec sells its SPIE arm to PAI partners for £707m in 2006
• Toshiba Corporation agrees to buy Westinghouse Electric from British Nuclear Fuels (BNFL) for US$5.4bn in 2006
• Mannesmann sells controlling interest in Atecs to Siemens and Robert Bosch for €3.1bn in 2000
• Smiths Group pays £1.9bn for rival UK engineer TI Group in 2000
• BNFL buys Westinghouse for US$1.1bn in 1999
• Halliburton acquires Dresser for US$7.7bn in 1998
• Halliburton acquires Brown & Root in 1962

     construction

Construction landmarks include -

• Brookfield Asset Management agrees to pay $4.2bn for Multiplex in 2007
• URS Corp agrees to pay US$2.6bn for Washington Group International (formerly Morrison Knudsen) in 2007
• Balfour Beatty acquires Centex Construction for US$362m in 2007
• Balfour Beatty buys Birse for £32m in 2006
• Fomento de Construcciones y Contratas pays €1.1bn for 51% of Uniland in 2006
• Emaar Properties buys John Laing Homes, second-largest privately held US homebuilder, for US$1.05bn in 2006
• Lend Lease acquires Bovis from P&O for US$471.8m in 1999
• URS buys Greiner Engineering Inc in 1995
• Wheelabrator-Frye buys Pullman in 1980

     materiel

Concrete, quarry and other materiel landmarks include -

• Lafarge agrees to buy Orascom Construction Industries Cement Group for US$12.9bn in 2007
• HeidelbergCement agrees to acquire Hanson for £8bn in 2007
• CRH pays US$1.3bn for Ashland Paving & Construction (Apac) in 2006
• Hanson buys Jannock's north american brick operations for £141m in 1999
• Hanson pays US$125m for Concrete Pipe & Products in 1997
• Hanson buys Kaiser Cement in 1987
• Hanson pays £247m for London Brick in 1984
• Hanson buys British Steel Brickworks for £2.7m and NCB Brickworks for £2.2m in 1973
• Hanson buys National Star Brick & Tile for £2.1m in 1971
• Hanson buys Butterley Company for £4.7m in 1968

     services

• Compagnie Generale de Geophysique agrees to buy Veritas DGC for US$3.1bn in 2006
• Transocean agrees to buy rival offshore driller GlobalSantaFe in 2007
• General Electric buys UK oilfield services company Sondex for £290m in 2007

     equipment

Equipment landmarks include -

• Baldor Electric agrees to acquire power systems business of Rockwell Automation for US$1.8bn in 2006
• Ingersoll-Rand agrees to sell its Bobcat machinery business to Doosan Infracore (Daewoo Heavy Industries & Machinery) for US$4.9bn in 2007
• Rexel agrees to buy Hagemeyer for US$4.5bn in 2007
• National Oilwell Varco acquirse Grant Prideco for US$7.4bn in 2007

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