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Curtiss-Wright Acquires Rugged Computing And Network Systems Provider Parvus

Gally Articola

Wednesday, October 16th, 2013

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Curtiss-Wright Corp. [CW] on Oct. 1 said it has acquired Parvus corp. for $38 million in cash, a deal that gives it a position in the rugged computing systems space for defense and industrial applications. Parvus, which is a business unit of Italy’s Eurotech S.p.A., is based in Utah and is expected to generate $23 million in sales this year, with the majority from defense customers. Parvus is also known for its miniaturized solutions in rugged computing and network systems. “The acquisition…

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