M&A Deal Summary

Curtiss-Wright Acquires Dy 4 Systems

On February 2, 2004, Curtiss-Wright acquired technology hardware company Dy 4 Systems from Solectron for 110M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 2nd transaction in the Technology Hardware sector.
  • This is Curtiss-Wright’s 7th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 1st transaction in Canada.
  • This is Curtiss-Wright’s 1st transaction in Ontario.

M&A Deal Summary

Date 2004-02-02
Target Dy 4 Systems
Sector Technology Hardware
Buyer(s) Curtiss-Wright
Sellers(s) Solectron
Deal Type Divestiture
Deal Value 110M USD

Target

Dy 4 Systems

Kanata, Ontario, Canada
Dy 4 Systems is engaged in rugged embedded computing solutions for the defense and aerospace industries. Using standard, commercially available computing technologies, referred to as commercial-off-the-shelf or COTS, Dy 4 customizes the products to perform reliably in rugged conditions, such as extreme temperature, terrain and/or speed.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 2.8B USD (2023)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was founded in 1929 and is based in Davidson, North Carolina.


DEAL STATS #
Overall 14 of 59
Sector (Technology Hardware) 2 of 6
Type (Divestiture) 9 of 17
State (Ontario) 1 of 3
Country (Canada) 1 of 4
Year (2004) 1 of 6
Size (of disclosed) 7 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-04 Novatronics

Charlotte,, North Carolina, United States

Novatronics designs and manufactures electric motors and position sensors (both linear and rotary) for the commercial aerospace, military aerospace and industrial markets.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-24 Morgan Advanced Ceramics - Coatings Business

United Kingdom

Morgan Advanced Ceramics - Coatings Business Evesham manufactures and applies an extensive range of solid film lubricant (SFL) coatings which provide lubrication, corrosion resistance and enhanced engineering performance. These coatings are applied under the trade names of Everlube, Ever-Slik, Lube-Lok, Lubri-Bond, Flurene and Perma-Slik to steel, titanium and aluminum substrates.

Buy £3M

Seller(S) 1

SELLER

Solectron

Milpitas, California, United States

Category Company
Sector Electronics
DESCRIPTION

Solectron Corporation was a global electronics manufacturing company for original equipment manufacturers. It was the first electronics manufacturing services industry in 1977.


DEAL STATS #
Overall 1 of 4
Sector (Technology Hardware) 1 of 2
Type (Divestiture) 1 of 4
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2004) 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-11 Magnetic Data Technologies

Goleta, California, United States

MDT is a leading provider of outsourced post-sale services to original equipment manufacturers (OEMs), including Compaq, EMC, Ericsson, Hewlett-Packard, Hitachi, Iomega, Lexmark, NEC, Nokia, Philips, Quantum, 3Com, and Western Digital. The company provides repair and warranty services for manufacturers of computer peripherals, telecommunication systems, and other electronic and digital devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-12 Smart Modular Technologies

Newark, California, United States

Smart Modular Technologies is a developer and manufacturer of DRAM and Flash-based modules and subsystems for computing, communications, embedded, and defense applications. Smart Modular Technologies was founded in 1988 and is based in Newark, California.

Sell $100M