Currys (TG:CWB)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Currys Charts. Click Here for more Currys Charts.](/p.php?pid=staticchart&s=TG%5ECWB&p=8&t=15)
Curtiss-Wright Completes Acquisition of Synergy Microsystems,
Inc.
Acquisition Strengthens Embedded Computing Position in Global Markets
ROSELAND, N.J., Aug. 31 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation
(NYSE: CW; CW.B) has completed the acquisition of Synergy Microsystems, Inc.
("Synergy). The transaction was a stock purchase for $49 million in cash.
Synergy will operate as a business unit of the Motion Control segment of
Curtiss-Wright, based in Gastonia, N.C.
"This acquisition broadens Curtiss-Wright's offering of state-of-the-art
products and superior support services for embedded systems," said Martin R.
Benante, Chairman and CEO of Curtiss-Wright. Synergy specializes in the design,
manufacture and integration of single- and multi-processor, single-board
computers for VME and CompactPCI systems to meet the needs of demanding
real-time applications in military, aerospace, industrial and commercial
markets.
Synergy, headquartered in San Diego, CA, has a facility in Tucson, AZ, and
employs 110 people with estimated 2004 annual sales of approximately $23
million.
About Curtiss-Wright
Curtiss-Wright Corporation is a diversified company headquartered in Roseland,
New Jersey. The Company designs, manufactures and overhauls products for
motion control and flow control applications, and provides metal treatment
services. The firm employs approximately 5,100 people worldwide. More
information on Curtiss-Wright can be found on the Internet at
http://www.curtisswright.com/.
About Curtiss-Wright Controls, Inc.
Headquartered in Gastonia, North Carolina, Curtiss-Wright Controls, Inc. 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, embedded
computers, subsystems and services internationally. For more information,
visit http://www.cwcontrols.com/.
Forward-looking statements in this release are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied. Readers are cautioned not to place undue reliance on these forward-
looking statements, which speak only as of the date hereof. Such risks and
uncertainties include, but are not limited to: a reduction in anticipated
orders; an economic downturn; changes in competitive marketplace and/or
customer requirements; a change in government spending; an inability to perform
customer contracts at anticipated cost levels; and other factors that generally
affect the business of aerospace, defense contracting, marine, electronics and
industrial companies. Please refer to the Company's current SEC filings under
the Securities and Exchange Act of 1934, as amended, for further information.
DATASOURCE: Curtiss-Wright Corporation
CONTACT: Alexandra M. Deignan, +1-973-597-4734, for Curtiss-Wright
Corporation
Web site: http://www.curtisswright.com/
http://www.cwcontrols.com/