Oshkosh Corporation Acquires AeroTech Business from JBT Corporation for $800 million

May 30, 2023

Oshkosh Corporation agreed to acquire the AeroTech business from JBT Corporation in an $800 million all-cash transaction (approximately $720 million net of expected tax benefits). The acquisition expands Oshkosh into the air transportation support market, adds recurring aftermarket revenue and technology capabilities (electrification, autonomy, connectivity), and is expected to be accretive to earnings and deliver synergies of roughly $20 million run-rate by year three.

Buyers
Oshkosh Corporation
Targets
AeroTech (JBT AeroTech)
Sellers
JBT Corporation
Industry
Manufacturing
Location
Florida, United States
Transaction Type
Divestiture

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