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Business/Financial

Curtiss-Wright Acquires Ground Support Vehicle Supplier

DDN

Friday, April 8th, 2011

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Curtiss-Wright Corp. [CW] this week said it has acquired Britain-based Douglas Equipment Ltd., a supplier of ground support vehicles to defense and commercial aviation markets, for $20 million in cash. "The acquisition of Douglas provides a major opportunity to expand Curtiss-Wright's capabilities and presence in our core naval defense market," Martin Benante, chairman and CEO of Curtiss-Wright, said in a statement. "Douglas' products are a strategic fit with the aircraft handling systems currently manufactured by our Flow Control segment, and…

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