Armor Holdings buys military truck maker
Dublin, Ireland-based Armor Holdings, Inc. has signed a definitive merger agreement to acquire Houston-based Stewart & Stevenson Services, Inc. AH has agreed to pay $35 per share in cash for the business.
According to news services, the deal is worth $1.1 billion.
A manufacturer of medium and light tactical vehicles, Steward & Stevenson was founded in 1902.
For more information, go to www.armorholdings.com.