ACQUISITIONS During 2019 and 2018 the Company acquired five businesses for an aggregate consideration of $442.8 million , net of cash acquired. A summary of the acquisitions made during the period is as follows: Date Type Company/Product Line Location (Near) Segment May 31, 2019 Stock Proseal UK Limited Adlington, UK JBT FoodTech A leading provider of tray sealing technology for the fresh produce, ready meals, proteins, sandwiches, and snack industries. May 31, 2019 Stock Prime Equipment Group, LLC Columbus, Ohio JBT FoodTech A manufacturer of turnkey primary and water reuse solutions for the poultry industry. February 1, 2019 Stock LEKTRO, Inc. Warrenton, Oregon JBT AeroTech A manufacturer of commercial aviation ground support equipment, including electric towbarless aircraft pushback tractors for narrow body and smaller aircrafts. July 12, 2018 Stock FTNON Almelo, Netherlands JBT FoodTech A manufacturer of equipment and solutions for the fresh produce, ready meals, and pet food industries. January 26, 2018 Stock Schroder Breidenbach, Germany JBT FoodTech A manufacturer of engineered processing solutions for the food industry. Each acquisition has been accounted for as a business combination. Tangible and identifiable intangible assets acquired and liabilities assumed were recorded at their respective estimated fair values. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and revenue enhancement synergies coupled with the assembled workforce acquired. The following presents the allocation of acquisition consideration to the assets acquired and the liabilities assumed, based on their estimated values: Proseal (1) Prime (2) LEKTRO (3) FTNON (4) Schroder (4) Total (In millions) Financial assets $ 45.9 $ 13.3 $ 4.2 $ 17.2 $ 4.3 $ 84.9 Inventories 26.2 11.7 7.4 4.5 6.6 56.4 Property, plant and equipment 24.7 1.5 0.3 3.9 7.4 37.8 Other intangible assets (5) 90.5 28.4 19.4 19.0 4.2 161.5 Deferred taxes (15.6 )  (5.0 ) (3.4 ) 0.4 (23.6 ) Financial liabilities (35.1 ) (22.3 ) (4.6 ) (20.6 ) (4.5 ) (87.1 ) Total identifiable net assets $ 136.6 $ 32.6 $ 21.7 $ 20.6 $ 18.4 $ 229.9 Cash consideration paid $ 264.9 $ 62.6 $ 48.3 $ 43.6 $ 20.3 $ 439.7 Contingent consideration (6) 14.7 1.3    16.0 Holdback payment due to seller  0.9    0.9 Total consideration 279.6 64.8 48.3 43.6 20.3 456.6 Cash acquired 4.3 1.4 1.7 4.9 1.5 13.8 Net consideration $ 275.3 $ 63.4 $ 46.6 $ 38.7 $ 18.8 $ 442.8 Goodwill (7) $ 143.0 $ 32.2 $ 26.6 $ 23.0 $ 1.9 $ 226.7 (1) The purchase accounting for Proseal is provisional. The valuation of working capital balances, property, plant and equipment, intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended September 30, 2019 , the Company refined estimates for other intangibles by $(2.8) million , property, plant, and equipment by $2.0 million , inventory by $(0.7) million , and trade receivables by $(0.7) million . The impact of these adjustments was reflected as a net increase in goodwill of $2.2 million . These adjustments resulted in an immaterial impact to the consolidated statement of income. (2) The purchase accounting for Prime is provisional. The valuation of working capital balances, property, plant and equipment, intangibles, income tax balances and residual goodwill is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended September 30, 2019 , the Company refined estimates for financial liabilities by $(9.4) million , inventory by $4.8 million , other intangibles by $1.9 million , financial assets by $(1.1) million , property, plant, and equipment by $(1.2) million . The impact of these adjustments was reflected as a net increase in goodwill of $5.0 million . These adjustments resulted in an immaterial impact to the consolidated statement of income. (3) The purchase accounting for LEKTRO is provisional. The valuation of intangible assets and taxes is not complete. These amounts are subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). During the quarter ended September 30, 2019 we had no significant measurement period adjustments for LEKTRO. (4) The purchase accounting for FTNON and Schroder was final as of June 30, 2019 and December 31, 2018, respectively. (5) The acquired intangible assets subject to amortization are being amortized on a straight-line basis over their estimated useful lives, which range from seven to twenty years . The intangible assets acquired in 2019 include customer relationships totaling $86.0 million ( 14 - year weighted average useful life), technology totaling $37.6 million ( 9 - year weighted average useful life), and tradenames totaling $14.7 million ( 20 - year weighted average useful life). (6) Proseal and Prime purchase agreements include contingent payments due to the sellers to the extent Proseal and Prime achieve certain earnings targets. Proseal earnings performance for the period from January 1, 2020 through December 31, 2020 would result in a payment of $17.7 million in the event earnout targets are met, and no payment if not met. Prime contingent payments are based on the achievement of earnings target ranges for the respective year, and would result in a payment ranging from $0 million to $1 million for the earnout period of calendar year 2019, and an additional payment of $0 million to $0.5 million for the earnout period of calendar year 2020. Refer to Note 9. Fair Value Of Financial Instruments for a description of how the values of these contingent consideration obligations were determined. (7) The Company expects goodwill of $34.8 million from these acquisitions to be deductible for income tax purposes. During the nine months ended September 30, 2019, Proseal generated revenue of $32.3 million and a loss of $0.9 million and remaining acquisitions in 2019 generated aggregate revenues of $37.3 million and aggregate income of $ 1.8 million . Pro forma Financial Information (unaudited) In 2019 , the Company's acquisition of Proseal was material to its overall results and as such is required under ASC Topic 805, Business Combinations, to present pro forma information. The following information reflects the results of the Companys operations for the three and nine months ended September 30, 2019 and 2018 on a pro forma basis as if the acquisition of Proseal had been completed on January 1, 2018. Pro forma adjustments have been made to illustrate the incremental impact on earnings of interest costs on the borrowings to acquire the company, amortization expense related to acquire intangible assets, depreciation expense related to the fair value of the acquired depreciable tangible assets and the related tax impact associated with the incremental interest costs and amortization and depreciation expense. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data) 2019 2018 2019 2018 Revenue Pro forma $ 489.4 $ 504.7 $ 1,438.6 $ 1,452.2 As reported 489.4 481.9 1,400.2 1,382.4 Net Earnings Pro forma $ 37.4 $ 27.5 $ 93.4 $ 61.0 As reported 33.5 26.4 87.2 61.5 Net Earnings from Continuing Operations Per Share Pro forma Basic $ 1.17 $ 0.86 $ 2.93 $ 1.91 Fully diluted 1.17 0.86 2.91 1.89 As reported Basic $ 1.05 $ 0.83 $ 2.74 $ 1.93 Fully diluted 1.04 0.82 2.72 1.91 The unaudited pro forma information is provided for illustrative purposes only and does not purport to represent what the Company's consolidated results of operations would have been had the transaction actually occurred as of January 1, 2018, and does not purport to project actual consolidated results of operations.