Textron Specialized Vehicles Inc. Acquires the Business of Swedish Manufacturer of De-Icers
AUGUSTA, Ga. —Textron Specialized Vehicles Inc., a Textron Inc. (NYSE: TXT) company, has acquired, through its Swedish affiliate, Textron Sweden AB, the assets of Safeaero i Trelleborg AB, a Swedish manufacturer of premium de-icers for the aviation industry. Textron Sweden AB is a subsidiary of Textron Inc.Going forward, Safeaero’s business will operate as part of Textron Specialized Vehicles’ Ground Support Equipment business, which manufactures an extensive GSE product line under the TUG®, DouglasTM, PremierTM and, now, SafeaeroTM brands.Safeaero’s line of de-icers is primarily designed to allow for efficient de-icing operations at major airport hubs. The line includes five different models, some of which offer easy single worker operation. Safeaero’s product line complements Textron Specialized Vehicles’ existing Premier line of de-icers, which primarily serve regional “spoke” airports and general-aviation facilities.The acquisition of Safeaero’s product line enables Textron Specialized Vehicles to offer customers a more complete line of equipment to meet their GSE needs, from Safeaero and Premier de-icers, to Douglas towbarless aircraft pushbacks, to TUG conventional pushbacks, baggage and cargo tractors, belt loaders, mobile HVAC units, air-starts and ground power units.“The Safeaero business is an important addition to our growing stable of GSE brands and product lines,” said Kevin Holleran, president and CEO of Textron Specialized Vehicles Inc. “We offer a broad line of GSE products to our customers, whether they are serving passengers at an airport of the scale of London Heathrow, or a critical regional FBO.”“We look forward to growing with our customers and helping them serve the expanding passenger and cargo air traffic around the globe,” Holleran said.Safeaero’s business will continue to operate from its facilities in Trelleborg, Sweden. For more information about Safeaero’s product lines, visit www.safeaero.com. To learn more about Textron Specialized Vehicles’ TUG, Douglas and Premier GSE products, visit www.tugtech.com.
About Textron Specialized Vehicles Inc.
Textron Specialized Vehicles Inc. is a leading global manufacturer of golf cars, utility and personal transportation vehicles, and ground support equipment. Textron Specialized Vehicles markets products under the E-Z-GO®, Cushman®, Bad Boy® Off Road, TUGTM, DouglasTM, PremierTM and SafeaeroTM brands; Its vehicles are found in environments ranging from golf courses to factories, airports to planned communities, and theme parks to hunting preserves.About Textron Inc.Textron Inc. (NYSE: TXT) is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Bad Boy Off Road and Textron Systems. More information is available at www.textron.com.Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.