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auto, aerospace, defence
This page provides some benchmarks for acquisitions and
disposals during the telecommunication booms and busts
of the past twenty years.
It covers -
More
detailed information about the auto
industry and aerospace
industry features elsewhere on this site.
auto and railbody
Landmarks include -
- GM
agrees to sell commercial and military business of Allison
Transmission for US$5.6bn to Carlyle and Onex in 2007
- DaimlerChrysler
agrees to sell 80.1% stake in Chrysler Group to Cerberus
Capital Management for US$7.4bn in 2007
-
Ford sells Aston Martin for US$925m to Richards, Adeem,
Sinders consortium in 2007
- Volvo
agrees to acquire remaining 81% of Nissan Diesel Motor
Company for US$1.1bn in 2007
- Oshkosh
Truck agrees to buy JLG Industries for US$3bn in 2006
- Asahi
Tec buys Metaldyne for US$1.2bn in 2006
- Armor
Holdings buys Stewart & Stevenson for US$1.1bn in
2006
-
General
Motors sells 51% stake in General Motors Acceptance
(GMAC) to Cerberus Capital Management, Citigroup and
Aozora consortium for US$14bn in 2006
- GM
sells 78% stake in GMAC Commercial Holding (its commercial
mortgage arm) to KKR, Five Mile Capital Partners and
Goldman Sachs consortium for US$8.8bn in 2006
- VW
sells Europcar to Eurazeo for €3.32bn in 2006
- GM
agrees to sell 17.4% stake in Suzuki for US$1.98bn in
2006
-
DaimlerChrysler sells heavy diesel motor arm MTU Friedrichshafen
and parts of Detroit Diesel to Swedish buyout firm EQT
for €1.6bn in 2006
-
Porsche buys 20% of VW for US$3.6bn in 2005
- Ford
sells Hertz car rental arm to Merrill Lynch and Carlyle
consortium for US$15bn in 2005
- Proton
sells stake in Augusta for symbolic €1 in 2005
- Proton
buys 57.57% stake in Augusta for €70m in 2004
- Fiat
sells stake in GM for US$1.2bn in 2002
-
GM pays US$600m to double its stake in Suzuki (to 20%)
in 2001
- Bombardier
buys Adtranz from DaimlerChrysler for US$725m in 2001
- DaimlerChrysler
takes one-third stake in Mitsubishi Motors for US$2.1bn
in 2000, exits in 2005
- GM
buys 20% of Fiat for US$2.4bn in 2000, exits in 2005
- Volvo
acquires Renault Véhicules Industriels (RVI)
in 2001
- BMW
sells Land Rover to Ford for £1.85bn in 2000
- Ford
buys Volvo car operations for US$6.45bn in 1999
- TRW
buys LucasVarity for US$7bn in 1999
- Vickers
sells Rolls-Royce to BMW for £340m in 1998
- DaimlerChrysler
buys ABB's 50% of Adtranz joint venture for US$472m
in 1998
- Daimler
Benz buys Chrysler for US$40.5bn in 1998
- GM
spins off EDS for US$28bn in 1996
- GM
sells Avis in 1996
- BMW
buys Rover group from British Aerospace for £800m
in 1994
- BMW
buys Rover group from British Aerospace for £800m
in 1994
Pre-1992
landmarks include -
- Volkswagen
acquires Skoda Auto in 1991
- Ford
buys Jaguar for US$2.5bn in 1990
- Bridgestone
buys Firestone Tire & Rubber for US$2.6bn in 1988
- Hertz
acquired by Park Ridge (later absorbed by Ford) in 1987
- Chrysler
buys American Motors in 1987
- Hertz
acquired by UAL for US$587m in 1985
- Ross
Perot sells EDS to GM for US$2.5bn in 1984
- White
Motor acquired by Volvo in 1980
- American
Motors acquires Kaiser-Jeep in 1970
- Hertz
acquired by RCA Corporation in 1967
- Maybach-Motorenbau
merges with Daimler-Benz as Maybach Mercedes-Benz Motorenbau,
later Motoren- und Turbinen-Union Friedrichshafen (MTU)
in 1966
- Chrysler
gains control of Rootes in 1964
- Auto
Union acquired by Volkswagen in 1964
- Chrysler
takes over Société Industrielle de Mécanique
et Carrosserie Automobile (SIMCA) in 1963
-
White Motor Company buys REO in 1957
- American
Motors formed by US$197m merger of Hudson Motors and
Nash-Kelvinator in 1955
- Packard
buys Studebaker in 1954
- Kaiser
buys Willys-Overland in 1953
- GM
sells Hertz to Omnibus Corp in 1953
- Graham-Paige
acquired by Kaiser-Frazer in 1947
Pre-1945
deals included -
- DKW
merges with Audi, Horch and Wanderer as Auto Union in
1932
- Chrysler
buys Dodge in 1928
- Grahams
buy Paige-Detroit Motor Company for US$4m in 1927
- General
Motors buys Vauxhall in 1925
- Dodge
buys Graham Brothers in 1925
- Dillon,
Read buys Dodge in 1924
- Chevrolet
acquired by GM for US$32m in 1918
auto components
Landmarks include -
- Siemens
agrees to sell its automotive parts division (Siemens
VDO Automotive) to Continental AG for €11.4bn
in 2007
-
Continental AG agrees to buy automotive electronics
unit of Motorola for US$1bn in 2006
- DaimlerChrysler
sells heavy diesel motor arm MTU Friedrichshafen and
parts of Detroit Diesel to Swedish buyout firm EQT for
€1.6bn in 2006
- TRW
buys LucasVarity for US$7bn in 1999
- Maybach-Motorenbau
merges with Daimler-Benz as Maybach Mercedes-Benz Motorenbau,
later Motoren- und Turbinen-Union Friedrichshafen (MTU)
in 1966
aerospace and defence
Recent aerospace and defence industry landmarks include
-
-
Finmeccanica agrees to pay US$5.2bn for DRS Technologies
in 2008
- BAE
Systems pays US$4.1bn for Armor Holdings in 2007
- GE
buys Smiths Group's aerospace division for £2.45bn
in 2006
- Onex
and private equity arm of Goldman Sachs agree to buy
Raytheon's aircraft unit for US$3.3bn in 2006
- Cinven
buys Avio SpA for €2.57bn in 2006
- Boeing
agrees to buy aerospace-parts distributor Aviall for
about $1.7bn in 2006
- General
Dynamics buys Anteon International for US$2.1bn in 2005
- BAE
buys United Defense Industries for US$4.2bn in 2005
- tank
maker Alvis acquired by BAE Systems for £355m
in 2004
- UTC
buys Chubb for US$1bn in 2003
- Carlyle
Group and Finmeccanica SpA buy Avio SpA from Fiat for
€1.97bn in 2003
- General
Dynamics buys Veridian for US$1.2bn in 2003
- Northrop
Grumman buys TRW for US$7.8bn in 2002
- TRW
aeronautical systems unit acquired by Goodrich for US$1.5bn
in 2002
- General
Dynamics buys Motorola's Integrated Information Systems
Group for US$825m in 2001
- Northrop
Grumman buys Newport News Shipbuilding for US$2.6bn
in 2001
Landmarks
prior to 2000 are -
- UTC
sells UT Automotive to Lear Corp for US$2.3bn in 1999
-
GM spins off Delphi auto parts unit in 1999
- GM
buys Primestar's direct-to-home business for US$1.3bn
in 1999
- European
Aeronautic Space & Defense (EADS) formed through
merger of DaimlerChrysler Aerospace (DASA), Aerospatiale-Matra,
and Construcciones Aeronauticas SA (CASA)
- UTC
buys Sundstrand for US$4.3bn in 1999
-
Raytheon buys General Motors' Hughes Aircraft defense
business for US$9.5bn in 1997
- Boeing
buys McDonnell Douglas for US$13.3bn in 1995
- Martin
Marietta and Lockheed merge in US$10bn deal in 1994
- Martin
Marietta acquires aerospace assets of General Electric
for US$3.05bn in 1993
- Lockheed
acquires General Dynamics' Tactical Aircraft division
for US$1.52bn in 1993
- Textron
buys Cessna in 1992
- General
Dynamics buys Cessna in 1985
- AM
General acquired by LTV in 1983
- Ling-Temco
merges with Vought Aircraft as Ling-Temco-Vought (LTV)
in 1961
- Ling-Altec
merges with Temco Aircraft in 1960
- Textron
buys Bell Aircraft Company for US$32m in 1960
- Chance
Vought Aircraft spun off from United Aircraft in 1954
- Convair
merges with General Dynamics in 1953
- Electric
Boat Company and Canadair merge as General Dynamics
in 1952
- Consolidated
Aircraft and Vultee Aircraft merge as Consolidated Vultee
Aircraft (Convair) in 1943
studies
Works on the auto industry are highlighted here
and here; those on
airlines and aerospace are here
and here.
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