Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:20 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #82. Curtiss-Wright Corporation — Parvus Corporation
Acquirer:
Curtiss-Wright Corporation (NYSE:CW)
Acquiree:
Parvus Corporation
Details:
Curtiss-Wright Corporation (NYSE:CW) today announced that it has acquired 100% of the shares of Parvus Corporation (Parvus), a business unit of Eurotech S.p.A., for $38 million in cash. Parvus is a leading designer and manufacturer of rugged small form factor computers and communications subsystems for the aerospace, defense, homeland security and industrial markets. The acquired business will operate within Curtiss-Wright's Controls segment.
Curtiss-Wright is an integrated business that provides products, solutions, and services mainly to aerospace and defense markets, as well as technologies in demanding commercial power, process, and industrial markets. Co. operates through various reportable segments, including: Aerospace and Industrial, which provides products and services, including industrial and specialty vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; Defense Electronics, which provides various products, including Commercial Off-the-Shelf embedded computing board-level modules, data acquisition and flight test instrumentation equipment, and integrated subsystems.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 57th percentile
(ranked higher than approx. 57% of all stocks covered)
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