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Curtiss-Wright To Acquire Data Acquisition System Supplier Teletronics Technology

By Cal Biesecker

Thursday, December 8th, 2016

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Curtiss-Wright To Acquire Data Acquisition System Supplier Teletronics Technology

Curtiss-Wright Chairman and CEO David Adams. Photo: Curtiss-Wright

Curtiss-Wright [CW] on Wednesday said it has agreed to acquire Teletronics Technology Corporation (TTC), a provider of data acquisition and flight test instrumentation systems primarily for the aerospace and defense industry, for $233 million in cash.The deal is expected to close in early 2017 pending regulatory approval.Curtiss-Wright said that TTC is expected to have about $65 million in sales this year and that the acquisition should be accretive to earnings per share in 2017 excluding the effects of purchase accounting.…

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