Woodward, Inc. Reaches Definitive Agreement to Acquire Integral Drive Systems - Deal Analysis from GlobalData
Woodward, Inc. has reached a definitive agreement to acquire Integral Drive Systems AG (IDS). The agreement involves the acquisition of key assets of IDSís business in China, and the holding companies of IDS operating in Switzerland and other parts of Europe. The acquisition cost is roughly estimated to be around $36m in cash. The transaction remains subject to some closing conditions and is expected to close in the third quarter of FY2011-12.
- This deal analysis has information about the acquisition of IDS' operations in Europe and China by Woodward, Inc in order to expand its operations in other geographies as well.
Reasons to buy
- The deal analysis will give a view as to how the companies are going for inorganic expansion in order to become market leader in a particular geography.