Browse > Home / Aeronautics News / Curtiss-Wright Completes Acquisition of VMETRO

Curtiss-Wright Completes Acquisition of VMETRO

Written by thomas · Filed Under Aeronautics News 

October 15, 2008

thomas

Global Leader in High Performance Embedded Computing Products

ROSELAND, N.J., Oct. 15 /PRNewswire-FirstCall/ — Curtiss-Wright
Corporation (NYSE: CW) today completed a voluntary cash tender offer for
VMETRO ASA (Oslo: VME) at NOK 12.06 per share. The total enterprise value
for the transaction is approximately $72 million, including assumption of
approximately $26 million of net debt. VMETRO will become part of the
Motion Control segment’s Embedded Computing group.

“VMETRO is a global leader in high-performance embedded computing
products, from development through deployment, which will notably enhance
Curtiss-Wright’s product portfolio in the defense market,” said Martin R.
Benante, Chairman and CEO of Curtiss-Wright. “In addition, their global
presence provides an established international distribution channel for our
vast portfolio of embedded computing products.”

Founded in 1986, VMETRO is a leading supplier of commercial
off-the-shelf (COTS) board- and system-level embedded computing products
for applications in aerospace, defense, industrial, communication and
medical markets. Key products provide real-time computing capabilities,
high-density radar processing, data recording and network storage systems.
Application of these products as components or subsystems enables improved
response time and critical protection in server and storage appliances,
utility mapping and ground penetrating radar.

The company operates globally with headquarters and principal
engineering in Oslo, Norway. Additional sales, engineering and distribution
networks are established in Sweden, Germany, France, Italy, the U.S. and
Asia. The company employs approximately 200 people.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified company headquartered in
Roseland, N.J. The company designs, manufactures and overhauls products for
motion control and flow control applications, and provides a variety of
specialized metal treatment services. The firm employs approximately 7,600
people worldwide. For more information about Curtiss-Wright visit
http://www.curtisswright.com.

About Curtiss-Wright Controls

Headquartered in Charlotte, N.C., Curtiss-Wright Controls, Inc. is the
Motion Control segment of Curtiss-Wright Corporation. With manufacturing
facilities around the world, Curtiss-Wright Controls is a leading
technology-based organization providing niche motion control products,
subsystems and services internationally for the aerospace and defense
markets. For more information, visit http://www.cwcontrols.com.

» Próximo Post - Boeing Shanghai Aviation Services Receives FAA Certification
« Post Aneterior - Raytheon Awarded $165 Million for Light- and Heavyweight Torpedoes

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.