The Woodward Governor Company has signed an agreement with Invensys to acquire its Barber-Colman Dyna Products division.
Based in Loves Park, IL, Barber-Colman Dyna Products manufactures engine actuators, speed controls, generator set controls, and off-highway engine control systems, and offers these products to engine and equipment manufacturers.
‘The acquired business is expected to add approximately $15 million of revenue and is expected to be accretive to earnings in fiscal year 2004,’ said Tom Gendron, Woodward’s president and chief operating officer.
Woodward plans to consolidate Barber-Colman Dyna Products into its existing facilities in Fort Collins, CO and Niles, IL in the 2004 fiscal year.
The terms of the agreement were not disclosed.