Oshkosh corporation to acquire aerotech business from jbt corporation, adding market leader in attractive air transportation support sector

Oshkosh, wis.--(business wire)---- $osk #oshkoshcorporation--oshkosh corporation (nyse: osk), a leading innovator of purpose-built vehicles and equipment, today announced that it has entered into a definitive agreement to acquire the aerotech business (“aerotech”) from jbt corporation (nyse: jbt) in an $800 million all-cash transaction. when adjusted for the present value of expected tax benefits of approximately $80 million, the purchase price is $720 million. this represents approximately 9x earnings before interest, tax.
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