Curtiss-Wright moves to establish itself as embedded computing systems provider with acquisition of backplane enclosure supplier Hybricon
PARSIPPANY, N.J., 27 May 201.0 Curtiss-Wright Corp. in Parsippany, N.J. announced plans today to acquire rugged chassis specialist Hybricon Corp. in Ayer, Mass., for $19 million in cash in a move to cement its embedded computing segment as a leader in finished embedded computer systems.
PARSIPPANY, N.J., 27 May 2010. Curtiss-Wright Corp. in Parsippany, N.J. announced plans today to acquire rugged chassis specialist Hybricon Corp. in Ayer, Mass., for $19 million in cash in a move to cement its embedded computing segment as a leader in finished rugged embedded computer systems.
Curtiss-Wright Corp. is the parent company of embedded computing giant Curtiss-Wright Controls Embedded Computing based in Leesburg, Va. Hybricon, meanwhile, supplies high performance rugged electronic packaging for aerospace, defense, and commercial applications, as well as rugged backplane designs in OpenVPX, VPX, VXS, VME, VME64X, CompactPCI, rugged MicroTCA, and custom bus structures. The transaction is expected to close next week.
The acquisition of Hybricon by Curtiss-Wright is another move in Curtiss-Wright's strategy to establish itself as a leading embedded computing systems manufacturer. Curtiss-Wright Controls Embedded Computing specializes in single-board computers, while Hybricon designs the rugged enclosures and backplanes necessary to package computer boards.
"The addition of Hybricon's electronic enclosure technologies in our overall design and manufacturing portfolio will expand our system integration capabilities and significantly enhance Curtiss-Wright's ability to provide mission-critical rugged solutions to customers worldwide," says Martin R. Benante, chairman and chief executive officer of Curtiss-Wright Corp.
Hybricon, which designs and manufactures custom and standards-based enclosures and electronic backplanes for defense and commercial applications, has annual sales of about $17 million -- 85 percent of that in the defense market.
Hybricon will operate in the Curtiss-Wright Electronic Systems division as part of the company's Motion Control segment, alongside Curtiss-Wright Controls Embedded Computing.
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