|
Melrose has agreed to acquire FKI, the engineering group that includes 700 staff in Loughborough, for £478m. 09-Jun-2008 FKI has bought Hunslet-Barclay, the Kilmarnock-based railway engineering firm, out of administration for £2.1m, in order to expand its Brush Traction division. 13-Nov-2007 FKI is planning to close its Whipp & Bourne switchgear factory in Rochdale with the loss of up to 150 jobs, in order to transfer production to its site in Blackwood, Gwent. 01-May-2007 FKI is considering plans to sell off its Logistex materials handling and US-based hardware divisions for an estimated £400m, in order to focus on heavy engineering. 04-Dec-2006 FKI is to close the Parsons chain factory in Stourport-on-Severn later this year, with the loss of 90 jobs. 26-Apr-2006 FKI has acquired Harrington Generators International, the Derbyshire-based supplier of specialist generators, for £6m. 19-Apr-2006 FKI has bought the marine and offshore ropes business of Marlow Ropes out of administration for £1.1m. 11-Jan-2006 FKI is to sell certain Certex lifting product distribution businesses operating in Norway, Sweden, Denmark, Germany, Russia, Finland and the Baltic States to ABT Allsafe for £16m. 05-May-2005 FKI has sold Laurence Scott & Electromotors to a new company called Gothic Works for £4m, securing the future of most of the 250 Norwich-based jobs. 27-Apr-2005 Certex UK, the Doncaster-based lifting equipment manufacturer with 150 staff, has undergone a £5.2m management buy-out from FKI. 10-Jan-2005 FKI is planning to withdraw from its DeWind turbine business, which employs 316 staff, due to an increase in competitive pressure in the wind turbine market. 09-Nov-2004 FKI, the engineering group, is looking to sell four businesses over the next few months in order to reduce debt. 07-Jun-2004 FKI Transformers is to close its South Wales Transformers plant in Blackwood with the loss of almost 200 jobs, in order to transfer the work to Loughborough. 01-Mar-2004 FKI has announced a strategic review that will lead to the closure of eight businesses and the sale of four others, with the loss of 700 jobs, in order to focus on five core and three emerging operations. 28-Jan-2004 FKI has confirmed plans to close its Laurence Scott & Electromotors factory in Norwich with the loss of up to 250 jobs, and most of the work will be transferred to other sites. 23-Jan-2004 FKI is to conduct a strategic review at its Laurence Scott & Electromotors electric motors factory in Norwich, which has 250 staff, following a fall in orders. 11-Dec-2003 FKI is to acquire DeWind, the German manufacturer of wind turbines, for £12m. 03-Jun-2002 FKI has acquired Cleco Group, the supplier of automated warehouse systems, for £22m, in order to expand its FKI Logistex division. 30-Nov-2001 FKI has acquired Dator, the Danish software controls company with annual sales of £4m, in order to expand its Logistex business. 12-Jul-2001 FKI has acquired Stearns Airport Equipment Company, the US manufacturer of airport baggage systems, for up to £5.2m. 22-May-2001 FKI is to shed 70 of the 330 jobs at its Laurence Scott & Electromotors engineering plant in Norwich. 03-May-2001 FKI has acquired Skoda Electrical Machines, the Czech manufacturer of turbogenerators, for £15m. 12-Mar-2001 FKI is to acquire SNE Systems, the US supplier of control systems to the materials handling industry, for up to £24m. 25-Jan-2000 FKI is to relocate the head office of its engineering business from Halifax to London. 24-Jan-2000 FKI is looking to sell its hardware division in order to raise £400m for the development of its internet operations. 28-Dec-1999 FKI has acquired Pinnacle, the US supplier of material handling and warehouse management systems, for £262m, and expects to benefit from opportunities provided by expanding e-commerce companies. 16-Dec-1999 FKI is to set up a new business called FKI Logistex in order to provide mechanical sorting services at warehouses operated by e-commerce companies. 19-Nov-1999 FKI is looking to recruit a large number of apprentices at its Brush Electrical Machines factory in Loughborough, due to rising demand for its range of turbo-generators. 28-Jun-1999 FKI is acquiring Industry General Corporation, the US materials handling company that specialises in systems for the parcel delivery business, for £32m. 28-May-1999 FKI has agreed to acquire Crisplant Industries, the Danish manufacturer of sorting systems, for £187m. 25-May-1999 Durr has acquired Acco Systems, the US maker of industrial conveyor systems, from FKI for £14m. 13-Aug-1998 Hydra Tools has acquired Clarkson Osborn from FKI for £10m. 23-May-1998 FKI has acquired Allen-Stevens Group, the US doors and windows hardware company, for £43m, which will give its existing US business a commanding position in the market for window locking systems. 06-May-1998 FKI is selling its automotive division, which makes components for carmakers, to a management team called Trident Automotive for £92.5m. 14-Nov-1997 FKI has finalised a deal to acquire Bridon, the wire and rope maker, for £131m. 08-Jul-1997 FKI is in discussions to acquire Bridon, the wire and rope maker thought to be worth about £100m. 01-Jul-1997 FKI has launched a £197m hostile takeover bid for Newman Tonks, the architectural hardware group. 18-Dec-1996 FKI is in discussions to acquire Newman Tonks, the architectural hardware group thought to be worth about £131m. 16-Dec-1996 FKI has acquired the Hawker Siddeley electric power group from BTR for £182m, and has said it will stop making locomotives at Hawker Siddley's Brush subsidiary in order to focus on products for power generation. 13-Sep-1996 FKI is acquiring Nuoya Marelli Motori, the Italian maker of motors and alternators, for £52m. 29-Aug-1996 FKI, the engineering group, is planning to make £300m worth of acquisitions over the coming months, with one acquisition costing up to £200m. 14-Jun-1996
|