M&A Deal Summary

LORD Acquires Fly-By-Wire Systems France SAS

On March 17, 2016, LORD acquired aerospace company Fly-By-Wire Systems France SAS from SKF

Acquisition Highlights
  • This is LORD’s 1st transaction in the Aerospace sector.
  • This is LORD’s 1st transaction in France.

M&A Deal Summary

Date 2016-03-17
Target Fly-By-Wire Systems France SAS
Sector Aerospace
Buyer(s) LORD
Sellers(s) SKF
Deal Type Divestiture

Target

Fly-By-Wire Systems France SAS

Saint-Vallier, France
Fly-By-Wire Systems France SAS designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft. FbW was a pioneer in this field as it collaborated with Airbus for its first introduction of fly-by-wire technology on the A320 commercial jetliner.

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Buyer(S) 1

Buyer

LORD

Drive Cary, North Carolina, United States

Category Company
Founded 1924
Sector Chemicals
Revenue 1.1B USD (2018)
DESCRIPTION

LORD Corporation is a diversified technology and manufacturing company developing highly reliable adhesives, coatings, motion management devices, and sensing technologies that significantly reduce risk and improve product performance. For more than 90 years, LORD has worked in collaboration with our customers to provide innovative oil and gas, aerospace, defense, automotive and industrial solutions.


DEAL STATS #
Overall 3 of 3
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-19 Stellar Technology

Amherst, New York, United States

Stellar Technology, Inc. is a manufacturer of industrial transducers for pressure, load, force, torque and temperature measurement. The company's locations include headquarters, engineering and manufacturing in Amherst, N.Y.; a sales and marketing center in Columbus, Ohio; and regional sales offices in Houston, Texas, Salt Lake City, Utah, and Cleveland, Ohio. Launched in 1991 with a focus on the aerospace market, Stellar Technology has expanded its business into multiple market sectors including oil and gas, transportation, general test and measurement, subsea, defense, alternative energy, pharmaceutical, and process industries.

Buy -

Seller(S) 1

SELLER

SKF

Gothenburg, Sweden

Category Company
Founded 1907
Sector Machinery
Employees37,842
Revenue 98.7B SEK (2024)
DESCRIPTION

SKF is a multinational company specializing in bearings, seals, lubrication systems, and related services. It provides solutions for industrial and automotive applications worldwide, focusing on reliability, efficiency, and innovation in rotating equipment. SKF was founded in 1907 and is headquartered in Gothenburg, Sweden.


DEAL STATS #
Overall 3 of 5
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 3 of 5
Country: France M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Canfield Technologies

Sayreville, New Jersey, United States

Canfield Technologies is a manufacturer of solder, pastes and preforms for metal joining, used in the electronics, plumbing and jewellery industries. The Company’s products include fluxes, pastes, alloys and preforms, among others. Canfield sells to customers in a variety of end markets, including plumbing, electronics, stained glass, metal plating, and transportation. Canfield Technologies was founded in 1844 and is based in Sayreville, New Jersey.

Sell $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Reelcraft

Columbia, Indiana, United States

Reelcraft is a global designer and manufacturer of the widest range of hose, cord and cable reels for industrial, commercial and professional applications. Reelcraft’s key focus is to produce durable, quality products that make hoses, cords and cables more productive, keep them easily accessible and make them last longer. Reelcraft was founded in 1971 and is based in Columbia, Indiana.

Sell -