Curtiss-Wright Acquires ACRA Control

Curtiss-Wright Corporation (NYSE:CW) announced today that it has acquired ACRA Control, Limited (ACRA) for approximately EUR42 million (approximately $61 million) in cash. ACRA is a leading supplier of data acquisition systems and networks, data recorders and telemetry ground stations for both defense and commercial aerospace markets. The business will operate within Curtiss-Wright's Motion Control segment. "ACRA's proprietary data acquisition technologies significantly broaden Curtiss-Wright's electronics and avionics portfolio and establishes us as a 'best-of-breed' supplier in the worldwide aircraft test and instrumentation market," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation. "As a leading global airborne data acquisition system provider, ACRA serves a diverse and expanding customer base of the world's leading fixed- and rotor-wing aircraft manufacturers. This expertise and experience provides Curtiss-Wright penetration into the global aircraft test and instrumentation market." ACRA's product families include modular data acquisition, solid-state recorders, ethernet switches/networking, wireless data transmission, telemetry ground stations and ground station analysis software. Founded in 1991, ACRA is based in Dublin, Ireland and has 128 employees. The company's wholly owned subsidiary, ACRA Control, Inc., is located in Leonardtown, MD, and serves as the sales and customer support center for North and South America. The combination of ACRA's customizable modular products, engineering expertise and advanced technologies along with Curtiss-Wright's current data recording and avionics solutions enables us to provide aerospace and defense customers with a fully integrated system featuring enhanced data acquisition capabilities, airborne ethernet data transmission and synchronization and wireless download of data to ground stations. In addition, ACRA's advanced ethernet switch technology will enhance the value of Curtiss-Wright's system-level approach to C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) solutions. ACRA's highly skilled hardware and software engineering workforce will expand Curtiss-Wright's development capability with specialized skills in data acquisition, embedded recording, networking and analysis software.

Source: Curtiss-Wright Corporation (NYSE: CW)
Date: Jul 29, 2011