Clyde Blowers, the engineering group owned by Scottish entrepreneur Jim McColl, has agreed to pay up to $645m (£369m) for the fluid and power division of Textron, the US group that makes Cessna business jets. The division comprises four separate businesses – two of which feature a famous name in British engineering. David Brown Gear Systems, based in Huddersfield, has 1,113 employees at 18 locations in 11 countries. David Brown Hydraulics, based in Poole, has 119 employees in nine countries. Union Pumps, a producer of highly engineered centri­fugal and reciprocating pumps, is also included in the deal. It has 730 employees at 10 locations in six countries, including the UK, the US, Canada and France. The final company involved is Maag Pumps, based in Switzerland, which employs 275 people in seven countries.

We, at Nishith Desai Associates, were the Indian Law firm representing Clyde Blowers with respect to this acquisition.

To know more see:

• http://www.ft.com/cms/s/0/9d15e506-8052-11dd-99a9-000077b07658.html

• http://www.theherald.co.uk/business/news/display.var.2445248.0.Clyde_Blowers_bucks_trend_with_1bn_worth_of_acquisitions.php

Disclaimer:

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.