Curtiss-Wright Acquires Hybricon
3 months 1 day ago → Mergers and Acquisitions
Curtiss-Wright Corporation (NYSE: CW) announced that it has acquired Hybricon Corporation for $19 million in cash. Hybricon is a leading supplier of high performance electronic Packaging for the aerospace, defense and commercial markets, and provides electronic subsystem integration expertise, which generates more efficient product development and reduced design and manufacturing risk for its customers.
“We are very excited about adding Hybricon’s electronic enclosure technologies and expertise to our existing defense and aerospace system integration operations,” said David Adams, co-chief operating officer of Curtiss-Wright Corporation. “Hybricon’s broad customer base and their leadership position as a supplier of high performance rugged backplanes and enclosures will expand our Electronic Systems’ group’s ability to provide mission-critical rugged solutions around the globe.”
Hybricon, based in Ayer, MA, designs and manufactures custom and standards-based enclosures and electronic backplanes for defense and commercial applications. They are a leading supplier for the most popular embedded commercial-off-the-shelf (COTS) system architectures, including OpenVPX, VPX, VXS, VME64X, CompactPCI, and MicroTCA. In 2009, Hybricon had sales of approximately $17 million, including an 85% concentration in the defense market. Hybricon will operate in Curtiss-Wright’s Motion Control segment, within the Electronic Systems division.
About Curtiss-Wright Controls, Inc.
Headquartered in Charlotte, NC, Curtiss-Wright Controls 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 www.cwcontrols.com.
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in Parsippany, NJ. 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 7,500 people worldwide. For more information, please visit www.curtisswright.com.
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Source: Curtiss-Wright
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