Clyde Blowers, the engineering group owned by Scottish entrepreneur Jim McColl, has agreed to pay up to $645m (£369m) for the fluid and power division of Textron, the US group that makes Cessna business jets.
The division comprises four separate businesses – two of which feature a famous name in British engineering. David Brown Gear Systems, based in Huddersfield, has 1,113 employees at 18 locations in 11 countries. David Brown Hydraulics, based in Poole, has 119 employees in nine countries.
