Textron

News aus der Elektroindustrie

Textron, which focuses on aerospace, has announced that it has sold its Tools & Tests  division to Emerson for approx. USD  810 m (EUR  655 m).

Textron, which focuses on aerospace, has announced that it has sold its Tools & Tests  division to Emerson for approx. USD  810 m (EUR  655 m).

Included in the sale are all brands belonging to the Tools & Tests section, i.e. Greenlee, Greenlee Communications, Greenlee Utility, HD Electric, Klauke, Sherman + Reilly and Endura.

The transaction has yet to be approved by the various competition authorities, with a conclusion expected in the third quarter of 2018.

The proceeds will be used to fund additional share repurchases.

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Textron Systems appointed Lisa Atherton as its president and CEO. She succeeds Ellen Lord,who has been summoned  to the American Ministry of Defence.

Textron Systems appointed Lisa Atherton as its president and CEO. She succeeds Ellen Lord,who has been summoned  to the American Ministry of Defence.

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