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Business/Financial

Curtiss-Wright Acquires Multi-Industry Controls Firm Exlar

Defense Daily Staff

Thursday, January 3rd, 2013

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Curtiss-Wright [CW] yesterday said it has acquired for $85 million Exlar Corp., a provider of highly-engineered electric actuators used in motion control solutions in industrial and military markets. The transaction, which closed in December, is expected to add $50 million to Curtiss-Wright’s sales this year. “The acquisition of Exlar provides Curtiss-Wright a cornerstone property serving multiple markets and addresses the growing demand for advanced, energy-efficient and environmentally-friendly actuation solutions, while strengthening our existing industrial controls business,” Martin Benante, Curtiss-Wright’s chairman…

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