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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