Acquisition of VMETRO
Expands product range and increases worldwide presence for embedded computing products
CHARLOTTE, N.C., – Oct. 15, 2008 – Curtiss-Wright Controls, Inc. announced today that it has acquired VMETRO ASA for approximately $72 million. VMETRO is a leading supplier of commercial off-the-shelf (COTS) board- and system-level embedded computer products for applications in aerospace, defense, industrial, communication and medical markets. The business will be organized under Curtiss-Wright Defense Solutions group.
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The acquisition of VMETRO, one of the oldest and largest independent COTS aerospace and defense vendors will further enhance Curtiss-Wright Controlsʼ leadership position in a wide range of embedded product categories including high performance real-time processing, digital signal processing (DSP), high-density radar processing, data communications, data recording, and network storage systems.
Founded in 1986, VMETRO operates globally with headquarters and principal engineering in Oslo, Norway. Additional sales, engineering and distribution networks are established in Sweden, Germany, France, Italy, the U.S. and Asia.