Fairbanks Morse Defense to Acquire Rolls-Royce Naval Propulsors and Handling Businesses
September 19, 2024
Fairbanks Morse Defense (FMD), an Arcline portfolio company, agreed to acquire Rolls-Royce’s Naval Propulsors and Handling business. The deal covers manufacturing and handling systems assets in Pascagoula, Mississippi; Walpole, Massachusetts; and Peterborough, Ontario, with regulatory approvals as a customary closing condition.
- Buyers
- Fairbanks Morse Defense
- Targets
- Rolls-Royce Naval Propulsors & Handling business, Rolls-Royce Naval Propulsors units (Pascagoula, Mississippi and Walpole, Massachusetts), Rolls-Royce Naval Handling business (Peterborough, Ontario)
- Sellers
- Rolls-Royce
- Platforms
- Fairbanks Morse Defense
- Industry
- Aerospace & Defense
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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