“In bringing together David Brown and Santasalo, we have created a large-scale industrial gearing business with proven management, highly complementary products, a unique global service network and increasingly efficient manufacturing,” says Clyde Blowers’ chairman and CEO, Jim McColl. “Whilst both have progressed well independently, we now have a business with all the necessary attributes to further grow and develop as an industry leader.
“Clyde Blowers is committed to invest in the business over the coming years, including acquisitions that further enhance its position in key markets,” he adds.
David Brown Santasalo’s end-markets include ships, minerals processing, and pulp and paper machinery. “Across all these markets,” says CEO, Thomas Burley, “our core differentiator is our fundamental capability to design and engineer gear systems for the world’s most demanding applications. We are committed to maintaining and growing this through continued investment in our people and manufacturing capabilities over the coming years.
Clyde Blowers acquired UK-based David Brown as part of a $1bn deal to buy Textron’s Fluid & Power Division in 2008. It added the Finnish business Santasalo when it bought Moventas Santasalo and Moventas Wind for €100m in 2011.
Clyde Blowers says that under its ownership, David Brown Santasalo has benefitted from significant investment in world-class manufacturing, new product development and service centre expansion. The business has been expanding, in particular, in high-growth countries such as China, India, Indonesia and the Philippines.