E-Z-GO 1998 Annual Report Download - page 11

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$888
Research and
Development . . . . . . . . . . . .$576
Capital Expenditures . . . . . . .$312
$976
Research and
Development . . . . . . . . . . . .$602
Capital Expenditures . . . . . . .$374
$1,088
Research and
Development . . . . . . . . . . . .$613
Capital Expenditures . . . . . . .$475
$6,121
Research and
Development . . . . . . . . . . .$4,002
Capital Expenditures . . . . .$2,119
Internal Invsmt.
...to deliver consistent growth.
...to deliver consistent growth.
7
1996 1997 1998 TOTAL
$490
Automotive
Washer Systems business
of Valeo Wiper Systems
Ltd., U.K. . . . . . . . . . . . . . . . . .$20
Industrial
Klauke, Germany . . . . . . . . . .$40
Valois Industries,
France . . . . . . . . . . . . . . . . . .$400
Xact Products . . . . . . . . . . . . .$20
The Bunton Company . . . . . .$10
$695
Automotive
Kautex Group, Germany . . . .$500
Kaywood Products Corp. . . . . .$5
General Rubber
Goods, U.K. . . . . . . . . . . . . . . .$20
Industrial
Burkland Inc. . . . . . . . . . . . . .$20
Mapri Industries, S.A.,
Brazil . . . . . . . . . . . . . . . . . . . .$90
Maag Pump Systems,
Switzerland and
Maag Italia SpA, Italy . . . . . . .$60
$1,020
Automotive
Midland Industrial
Plastics, U.K. . . . . . . . . . . . . .$80
Industrial
Ransomes plc, U.K. . . . . . . .$240
Sükosim, Germany . . . . . . . . .$60
Ring Screw Works . . . . . . . .$190
Peiner Umformtechnik
GmbH, Germany . . . . . . . . . .$40
David Brown
Group plc, U.K. . . . . . . . . . . .$370
Datacom Technologies . . . . .$10
Finance
Systran . . . . . . . . . . . . . . . . . .$10
Business Leasing Group . . . .$20
30 Acquisitions $4,900
Since 1992, Textron has acquired
30 market-leading businesses
totaling $3.9 billion in revenues.
Because of the tremendous
organic growth achieved during
this time period, these businesses
now represent over $4.9 billion in
revenues, or 51 percent of
Textron today.
Aircraft
Bell Helicopter Textron
and Agusta of Italy
Industrial
Textron Fastening Systems
and Taiwan’s San Shing
Hardware Co. Ltd.
2 Joint Ventures
Textron enters into strategic joint
ventures that expand global
capabilities, add new markets
and customers, and complement
existing product lines.
$170
Systems and Components
Textron Aerostructures sold
to Carlyle Group
$1,590
Insurance
Paul Revere Corporation sold to
Provident Companies, Inc.
$2,020
Industrial
Speidel Textron sold to Hermann
Hirsch USA, Inc.
Textron Fuel Systems sold to
Woodward Governor Company
Finance
Textron agrees to sell Avco
Financial Services to The
Associates First Capital
Corporation. Sale completed
January 1999
8 Divestitures $4,700
During the last seven years,
Textron has divested eight
businesses totaling $4.7 billion
in revenues.
Valois Industries Ransomes plcKautex David Brown Group plc