ADi News2013-10-01 13:50:43
Curtiss-Wright Controls acquires 100% of the shares of Parvus Corporation for $38 million in cash
Curtiss-Wright Controls today announced that it has acquired 100% of the shares of Parvus Corporation (Parvus), a business unit of Eurotech S.p.A., for $38 million in cash. Parvus is a leading designer and manufacturer of rugged small form factor computers and communications subsystems for the aerospace, defense, homeland security and industrial markets. The acquired business will operate within Curtiss-Wright's Controls segment.
"The Parvus team has established a leadership position in Commercial Off-The-Shelf (COTS)-based small form factor processors and networking subsystem solutions. This extends Curtiss-Wright's capabilities and fills two gaps in our product portfolio to help drive continued growth in our core aerospace, defense and homeland security markets," said Tom Quinly, President of Curtiss-Wright Controls.
Founded in 1983, Parvus is a recognized leader in the design and manufacture of open standard-based modules and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) applications in the defense market and various applications in the aerospace, homeland security and general industrial markets. The company's SWaP-optimized solutions, including Rugged Processor Systems, Mobile Networking Subsystems and Industrial Grade Board-Level PC/104 Modules, are used in critical defense applications such as unmanned systems and tactical C4ISR payloads. Product applications for the industrial markets include system monitoring, diagnostics, communications, networking and vetronics subsystem control, most notably to commercial transportation customers. Their capabilities include rapid turnkey subsystems integration and development services, and the design of complete embedded computer systems tailored to meet specific customer requirements through the use of off-the-shelf building blocks and technical expertise. Parvus, headquartered in Salt Lake City, Utah, has approximately 50 employees and is expected to generate sales of approximately $23 million in 2013.
Curtiss-Wright Controls today announced that it has acquired 100% of the shares of Parvus Corporation (Parvus), a business unit of Eurotech S.p.A., for $38 million in cash. Parvus is a leading designer and manufacturer of rugged small form factor computers and communications subsystems for the aerospace, defense, homeland security and industrial markets. The acquired business will operate within Curtiss-Wright's Controls segment.
"The Parvus team has established a leadership position in Commercial Off-The-Shelf (COTS)-based small form factor processors and networking subsystem solutions. This extends Curtiss-Wright's capabilities and fills two gaps in our product portfolio to help drive continued growth in our core aerospace, defense and homeland security markets," said Tom Quinly, President of Curtiss-Wright Controls.
Founded in 1983, Parvus is a recognized leader in the design and manufacture of open standard-based modules and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) applications in the defense market and various applications in the aerospace, homeland security and general industrial markets. The company's SWaP-optimized solutions, including Rugged Processor Systems, Mobile Networking Subsystems and Industrial Grade Board-Level PC/104 Modules, are used in critical defense applications such as unmanned systems and tactical C4ISR payloads. Product applications for the industrial markets include system monitoring, diagnostics, communications, networking and vetronics subsystem control, most notably to commercial transportation customers. Their capabilities include rapid turnkey subsystems integration and development services, and the design of complete embedded computer systems tailored to meet specific customer requirements through the use of off-the-shelf building blocks and technical expertise. Parvus, headquartered in Salt Lake City, Utah, has approximately 50 employees and is expected to generate sales of approximately $23 million in 2013.
For more information contact: