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section heading icon     auto, aerospace, engineering

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

It covers -

subsection heading icon     auto and railbody

Landmarks include -

  • DaimlerChrysler sells heavy diesel motor arm MTU Friedrichshafen and parts of Detroit Diesel to Swedish buyout firm EQT for €1.6bn
  • Porsche buys 20% of VW for US$3.6bn in 2005
  • Proton sells stake in Augusta for symbolic €1
  • 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
  • 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
  • Daimler Benz buys Chrysler for US$40.5bn in 1998
  • Vickers sells Rolls-Royce to BMW for £340m in 1998
  • DaimlerChrysler buys ABB's 50% of Adtranz joint venture for US$472m in 1998
  • GM spins off EDS for US$28bn 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
  • Ross Perot sells EDS to GM for US$2.5bn in 1984
  • 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
  • Chrysler takes over Société Industrielle de Mécanique et Carrosserie Automobile (SIMCA) in 1963
  • American Motors formed by US$197m merger of Hudson Motors and Nash-Kelvinator

subsection heading icon     aerospace and defence

Other landmarks include -

  • General Dynamics buys Anteon International for US$2.1bn in 2005
  • UTC buys Chubb for US$1bn 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
  • 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

subsection heading icon     engineering

Engineering landmarks include

  • Toshiba Corporation agrees to buy Westinghouse Electric from British Nuclear Fuels (BNFL) for US$5.4bnin 2006
  • BNFL buys Westinghouse for US$1.1bn in 1999
  • Halliburton acquires Dresser for US$7.7bn in 1998
  • Halliburton acquires Brown & Root in 1962






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version of February 2006
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