Curtiss-Wright Corporation today announced the acquisition of Systran Corporation of Dayton, Ohio, for approximately $18 million. Systran will operate as a business unit of Curtiss-Wright Controls Inc, a subsidiary of Curtiss-Wright Corporation.
Systran supplies data communications products for real-time systems, primarily for the aerospace and defence, industrial automation and medical imaging markets.
Key applications include simulation, process control, advanced digital signal processing, data acquisition, image processing, and test and measurement. Systran reported sales of approximately $15 million in its last financial year.
In recent years, Systran has secured key aerospace and defence contracts, providing data communications products for radar applications such as Raytheon’s Upgraded Early Warning Radar (UEWR) and the SPY-3 Multifunction Radar system for the US Navy’s next generation DD(X) Destroyer.
‘In addition to expanding our technology offerings within the aerospace and defence markets, Systran broadens our market reach into medical imaging and industrial automation applications, giving us the ability to cross-sell existing products into these markets,’ said Martin Benante, Chairman and CEO of Curtiss-Wright.