AUGUSTA, Ga.--(BUSINESS WIRE)--
The Textron Specialized Vehicles group of Textron Inc. (NYSE: TXT),
through Textron Ground Support Equipment UK Limited, has acquired the
Douglas Equipment business from Curtiss-Wright Flow Control (UK)
Limited, a subsidiary of Curtiss-Wright Corporation. Douglas Equipment
is a manufacturer of ground support equipment (GSE) in the aviation
industry, based in Cheltenham, England, UK.
Going forward, Douglas Equipment will operate as part of Textron
Specialized Vehicles’ companies’ GSE business, which also includes TUG
Technologies Corp., a leading manufacturer of ground support equipment
based in Kennesaw, Ga. Douglas Equipment is a strong fit for the Textron
Specialized Vehicles group, as Douglas’ specialization in towbarless and
conventional aircraft tractors and runway friction measurement systems
complements TUG Technologies’ leadership in baggage and tow tractors,
pushbacks, belt loaders, ground power units, air-starts, and mobile HVAC
units.
Douglas will continue to operate from its UK facilities in Cheltenham
and Poyle, United Kingdom with its workforce of more than 90 employees
intact. The Douglas brand will join the Textron Specialized Vehicles
companies’ stable of brands alongside TUG™, E-Z-GO®, Cushman®,
and Bad Boy® Buggies.
“We are excited to welcome Douglas to the Textron Specialized Vehicles
family and to our ground support equipment business,” said
Kevin
Holleran
, president of the Textron Specialized Vehicles group of Textron
Inc. “The acquisition of Douglas and its unique brand and products, only
a few months after our acquisition of TUG last spring, demonstrates our
commitment to the GSE industry and our many customers.”
“Douglas brings to the Textron Specialized Vehicles group a strong
European base, pioneering product lines, and a proven track record in
the GSE industry,” said
Stefaan Ver Eecke
, vice president and general
manager, GSE for Textron Specialized Vehicles. “Those advantages,
combined with Textron’s resources and operational expertise, make for an
exciting future to help accelerate our growth and expansion in the GSE
sector.”
About Textron Specialized Vehicles
The Textron Specialized Vehicles group of Textron Inc. is a leading
global manufacturer of golf cars, utility and personal transportation
vehicles, and ground support equipment. Textron Specialized Vehicles
companies design and manufacture products under the E-Z-GO®,
Cushman®, Bad Boy® Buggies and TUG™ brands; their
vehicles are found in environments ranging from golf courses to
factories, airports to planned communities, and theme parks to hunting
preserves.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global
network of aircraft, defense, industrial, and finance businesses to
provide customer with innovative solutions and services. Textron is
known around the world for its powerful brands such as Bell Helicopter,
Textron Aviation, Beechcraft, Hawker, Cessna, Jacobsen, Kautex,
Lycoming, Textron Specialized Vehicles, Greenlee, and Textron Systems.
For more information, visit www.textron.com.
Certain statements in this press release may project revenues or
describe strategies, goals, outlook or other non-historical matters;
these forward-looking statements speak only as of the date on which they
are made, and we undertake no obligation to update them. These
statements are subject to known and unknown risks, uncertainties, and
other factors that may cause our actual results to differ materially
from those expressed or implied by such forward-looking statements.
Source: Textron