LORD Corporation Closes Acquisition of SKF’s Fly-by-Wire Systems France Subsidiary

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By admin July 1, 2016 09:26

LORD Corporation Closes Acquisition of SKF’s Fly-by-Wire Systems France Subsidiary

LORD Corporation has completed the acquisition of Fly-by-Wire Systems France (FbW).  Based in Saint-Vallier, France, FbW designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft.  LORD announced its intentions to acquire FbW in March pending necessary governmental approvals and closing actions by both parties.  FbW enjoys a history of innovation in its field beginning with its collaboration with Airbus for the first introduction of fly-by-wire technology on the A320 commercial jetliner. Its innovative product line is highly complementary to LORD capabilities in mechanical, electromechanical and dynamic systems.The acquisition by LORD positions LORD and FbW for further expansion into new markets and regions, and provides LORD a major aerospace engineering and manufacturing presence in Europe.  Under LORD ownership, FbW will continue to operate out of its current location in France while retaining its current workforce.

Angermann M&A International AG served as financial advisor for this transaction.

admin
By admin July 1, 2016 09:26