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David Brown, the Huddersfield-based gear systems manufacturer with 250 staff, has merged with Finland-based sister company Santasalo.
David Brown has acquired Unigear Industries, the Canadian industrial gear manufacturer, for £15m.
David Brown is planning to relocate more than 270 staff from Huddersfield to a new site in Mirfield by 2013.
David Brown is to sell its Applied Products division, including the Radicon and Benzlers gearbox brands, to Elecon of India.
David Brown is looking to restructure its Huddersfield-based engineering operation and create hundreds of jobs, in order to benefit from opportunities in the renewable energy sector.
David Brown, the pumps and gears concern, is being acquired by Textron, the US industrial group that is building up a global fluid and power systems business, for £195m.
David Brown is acquiring Union Pumps Company, the US pumps concern, for £38m.