5/19/2004 - Curtiss-Wright Controls, Inc. announced that it has signed a definitive purchase agreement to acquire Primagraphics Limited, the command & control, video and graphics specialist, for approximately US$21 million. Curtiss-Wright Controls, Inc., is the motion control business segment of Curtiss-Wright Corporation (NYSE, CW.B), a diversified global provider of highly engineered products and services to the motion control, flow control and metal treatment industries.
The acquisition of Primagraphics will bolster Curtiss-Wright's position as a leading supplier of systems for the aerospace, defense, and in particular, naval markets. Primagraphics will become a wholly owned subsidiary of Curtiss Wright Controls and part of an impressive group of complementary businesses, which include Dy 4 Systems, VISTA Controls, Peritek and Systran.
"The addition of Primagraphics to the Curtiss-Wright family will further strengthen our reputation in naval command and control markets worldwide," says George Yohrling, president of Curtiss-Wright Controls. "Primagraphics' specialist real-time sensor display capability and its naval market expertise complement the embedded computing solutions on offer from other businesses in the group."
Primagraphics is a recognized market leader in the development of radar processing and display systems for military and civil applications. Its cards and solutions, for VME, PCI, CompactPCI and PMC formats, are in use throughout the world for airborne and shipborne command and control consoles, vessel tracking, air traffic control and air defense systems. Key customers include AMS, BAE SYSTEMS, Boeing, DRS, General Dynamics, Northrop Grumman, Lockheed Martin and Raytheon. Primagraphics is located near Cambridge in the UK and had 2003 sales of around US$12.5million (£6.8million).
"We are delighted to now be part of the Curtiss-Wright family which has its roots dating back to the Wright brothers' first flight in 1903," says John Shave, chief executive officer at Primagraphics. "They will provide us with the in-depth resources that will offer further excellent opportunities for development and growth to both the Company and our staff."
Primagraphics, a specialist supplier of graphics and video display systems for VME, PCI, CompactPCI and PMC formats, is a recognized leader in the radar and command and control markets. Its expertise encompasses radar scan conversion and tracking solutions, as well as compression, decompression and distribution of data (radar and TV video) across wide and local area networks. Founded in 1982, Primagraphics' European headquarters is located at Litlington, near Cambridge, UK. It also has offices in the USA (Charlottesville, VA) and a network of dealers and distributors worldwide. More information on Primagraphics can be found on the Internet at www.primagraphics.com.
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 4,500 people worldwide. More information on Curtiss-Wright can be found on the Internet at www.curtisswright.com.
History of Curtiss-Wright
On December 17, 1903, amid the sand dunes of Kitty Hawk, North Carolina, man's quest for powered flight became a reality when a small fabric and wood craft known as the Wright Flyer ushered in the aviation age. The team behind this legendary event, Orville and Wilbur Wright, along with aircraft designer Glenn Curtiss, gave birth to a new industry and founded Curtiss-Wright Corporation, today a multinational provider of metal treatment, motion control and flow control systems for the aerospace and defense industries.
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