Acquisitions and Divestitures |
9 Months Ended | ||||||||||||
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Aug. 01, 2025 | |||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||
| Acquisitions and Divestitures |
Acquisition Technology and Distributor Acquisition On February 3, 2025, during the second quarter of fiscal 2025, the company completed the acquisition of certain technology assets and substantially all of the assets of, and assumed certain liabilities for, a U.S. based distributor of underground construction equipment. The purchase price of this acquisition was allocated to the identifiable assets acquired and liabilities assumed based on estimates of their fair value and no goodwill or indefinite-lived intangible assets were recorded. The company finalized the purchase accounting for this acquisition during the second quarter of fiscal 2025. Additional purchase accounting disclosures have been omitted due to immateriality of this acquisition in relation to the company's Consolidated Financial Condition and Results of Operations. Divestitures Auger Boring During the third quarter of fiscal 2025, the company completed the sale of assets related to the auger boring product line, a subset of the American Augers brand. The financial results have historically been included in the company's Professional segment. The divestiture was immaterial in relation to the company's Consolidated Financial Condition and Results of Operations. Trencor During the third quarter of fiscal 2025, the company completed the sale of assets related to the Trencor brand. The financial results have historically been included in the company's Professional segment. The divestiture was immaterial in relation to the company's Consolidated Financial Condition and Results of Operations.
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