Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

October 2008


Avery Weigh-Tronix Holdings Limited
Sale to Illinois Tool Works Inc.
$185.0 Million


Baird served as exclusive financial advisor to Avery Weigh-Tronix Holdings Limited and the selling shareholders.


Avery Weigh-Tronix Holdings Limited ("Avery Weigh-Tronix" or "the Company"), a portfolio company of European Capital, has recently completed its sale to Illinois Tool Works Inc. ("ITW"). Terms of the transaction were not disclosed.

Avery Weigh-Tronix is headquartered in Birmingham, UK with major operations and manufacturing facilities in the USA, India and China. The Company’s industrial products include weighbridges, platform scales, load cells, indicators and supporting software that serve customers in a variety of end-markets, including logistics and transportation, food processing, waste management, agriculture and general manufacturing. In addition, the Company provides aftermarket support services for its weighing products through one of the industry’s largest accredited service networks. The Company employs approximately 2,000 people worldwide.

With $16.2 billion in revenues, ITW is a diversified and value-added manufacturer of highly engineered components and industrial systems and consumables. ITW consists of approximately 825 business units in 52 countries and employs some 60,000 people.

Baird served as the exclusive financial adviser to Avery Weigh-Tronix and the selling shareholders on this transaction.

Baird has completed six Test & Measurement M&A transactions in the last 18 months, three of which were cross-border, totalling more than $850 million in aggregate value.

For additional information about this transaction, please contact:
Managing Director
+44 (0) 207 667 8370

Managing Director
+1 312 609 4924

Director
+44 (0) 207 667 8255

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