Industry Update: Construction Machinery & Equipment
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Construction Machinery & Equipment industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On May 30, 2023, Oshkosh Corporation, a leading innovator of purpose-built vehicles and equipment, entered into a definitive agreement to acquire the AeroTech business from JBT Corporation in an $800 million all-cash transaction. When adjusted for the present value of expected tax benefits of approximately $80 million, the purchase price is $720 million. This represents approximately 9x EBITDA multiple.
- On May 23, 2023, Cummins Inc. announced that it entered into a definitive agreement with Faurecia, a company of the FORVIA Group, to purchase two of Faurecia’s commercial vehicle manufacturing plants and their related activities for approximately $153 million.
Past Industry Updates
Construction Machinery & Equipment: November 2022
More Industry Reports
Building Products
Building Material Distribution
