The Service of the Commission for the Protection of Competition received, according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), a notification of a proposed concentration on behalf of Textron Inc. concerning the acquisition of the share capital of Beech Holdings LLC, parent company of Beechcraft Corporation, through various vehicles.
Textron Inc. is a company duly registered in accordance with the law of the United States of America. The company operates in various industries through the following undertakings (i) Cessna Aircraft Company (aircrafts and aftermarket services), (ii) Bell (helicopters), (iii) Textron systems (military equipment), (iv) Industrial (automotive supplier, golf vehicles, tools) and (v) Textron Financial (financing mainly to buyers of CESSNA aircrafts and Bell helicopters). Textron Inc. is known for its following trade marks: Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, EZ-GO, Greenlee and Textron Systems.
Beech Holdings LLC is a company duly registered in accordance with the law of the United States of America and is the parent company of Beechcraft Corporation. Beechcraft Corporation designs, manufactures and supports private, military and business aircrafts and also manufactures and sells aircrafts for the collection of information, surveillance and reconnaissance missions as well as other special missions. Beechcraft Corporation also operates in the provision of aftermarket services for its aircrafts.