Textron Aviation to sell Tools and Test business for $810m

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Textron is to sell its Tools and Test business to engineering company Emerson for US$810 million.

Included in the sale are all the Textron Tools and Test businesses and brands. This includes Greenlee, Greenlee Communications, Greenlee Utility, HD Electric, Klauke, Sherman+Reilly, and Endura.

The transaction is expected to close by November this year. The proceeds from the sale are expected to be used to fund additional share repurchases to offset the earnings impact related to the sale.

April 19,2018

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Ben has worked all of his career as a journalist and now editor, covering almost all aspects of technology, engineering and industry. In the last 16 years he has written on subjects from nuclear submarines and autonomous cars to future design and manufacturing technologies and commercial aviation. Latterly editor of a leading engineering magazine, he brings an eye for a great story and lots of experience to the team.

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