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New Deal


Announced

Briggs & Stratton completed the acquisition of a minority stake in Accelerated Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Auto Parts

Single Bidder

Private

Completed

United States

traction and control systems

Domestic

Minority

Friendly

Acquisition

Synopsis

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Briggs & Stratton, an American Fortune 1000 manufacturer of gasoline engines with headquarters in Wauwatosa, Wisconsin, completed the acquisition of a minority stake in Accelerated Systems, which develops complete traction and control systems for vehicles. Financial terms were not disclosed. "This is an important technology investment for Briggs & Stratton as we continue to expand our capabilities as a power application company. This acquisition provides meaningful capabilities that will significantly accelerate our electrification strategy," Steve Andrews, Briggs & Stratton President and CEO.

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