Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:13 PM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #77. Curtiss-Wright Corporation — Arens Controls, LLC
Acquirer:
Curtiss-Wright Corporation (NYSE:CW)
Acquiree:
Arens Controls, LLC
Details:
Curtiss-Wright Corporation (NYSE:CW) today announced that it has completed the acquisition of 100% of the membership interests of Arens Controls, LLC (Arens) for $98 million in cash. Arens is a leading designer and manufacturer of highly-engineered, precision operator interface controls and power management systems for commercial and off-road industrial vehicles. The acquired business will operate within Curtiss-Wright's Controls segment.
Curtiss-Wright is a manufacturing and service company that designs, manufactures, and overhauls components and provides engineered products and services. Co.'s segments are: Commercial/Industrial, which provides engineered products and services including electronic throttle control devices and transmission shifters; Defense, which provides commercial off-the-shelf embedded computing board-level modules, integrated subsystems, turret aiming and stabilization products, flight test equipment, and aircraft data management solutions; and Power, which provides pumps, control rod drive mechanisms, fastening systems, spent fuel management products, and fluid sealing products.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 58th percentile
(ranked higher than approx. 58% of all stocks covered)
Analysts' Target Price: CW Stock Forecast Based on Zacks ABR data; powered by Xignite |
