Connect with us


Textron Reviewing Strategic Alternatives For Kautex

Kautex, which makes fuel systems and other components, operates more than 30 plants in 14 countries and generated more than $2.3 billion in revenue in 2018.


Click Here to Read More

Textron Inc. announced it is reviewing strategic alternatives for its Kautex business unit, which produces fuel systems and other functional components. Textron said it plans to consider a range of options, including a sale, tax-free spin-off or other transaction. Kautex operates more than 30 plants in 14 countries and generated more than $2.3 billion in revenue in 2018.

Kautex, headquartered in Bonn, Germany, is a leading developer and manufacturer of blow-molded plastic fuel systems and advanced fuel systems for cars and light trucks, including pressurized fuel tanks for hybrid applications. The unit also develops and manufactures camera/sensor cleaning solutions for automobiles, selective catalytic reduction systems used to reduce emissions from diesel engines and also produces cast iron engine camshafts, crankshafts and other engine components.

“Kautex is a leading Tier 1 supplier to global OEMs. It has a long history of product innovation, world-class operations and strong financial performance,” said Scott C. Donnelly, Textron chairman and CEO. “We are exploring strategic alternatives to see how we can position Kautex to best serve its customers for ongoing success while simultaneously unlocking potential value for our shareholders.”

Textron has retained Goldman Sachs & Co. LLC as financial adviser to assist in its review.







Sponsored Content

In a “Stay at Home” World, Vehicles Still Need to Be Maintained Properly and Regularly


Introducing Pronto Automotive Distribution Network


2021 Keystone BIG Show Coming To Grapevine, Texas

New Tech

Goodyear Ventures Invests In Autonomous Delivery Provider