Curtiss-Wright buys Peritek for $3 million
Roseland, NJ—Curtiss-Wright Corp. announced Aug. 4 that it has purchased Peritek Corp. for $3 million to increase its presence in the electronic systems market.
Roseland, NJ— Curtiss-Wright Corp. announced Aug. 4 that it has purchased Peritek Corp. for $3 million to increase its presence in the electronic systems market. Curtiss-Wright provides engineered products and services to the motion control, flow control and metal treatment industries.
With annual sales of approximately $3 million, Peritek supplies video and graphic display boards for the embedded computing industry. Since 1976, Peritek has supplied graphics and peripheral cards to industries, including aviation, defense and medical. Its graphics controllers include PMC, PCI, CompactPCI and VME solutions, which support operating languages, including Solaris, Windows, Linux, VxWorks and LynuxOS. Also, Peritek supplies products for bomb detection, industrial automation and medical imaging applications.
'Acquiring Peritek is consistent with our desire to expand our presence in the electronic systems arena,' says Martin Benante, Curtiss-Wright's chairman and CEO. 'It complements existing divisions in our motion control segment, and enhances our ability to offer our customers greater subsystem solutions. This acquisition provides us with a key building block to help fuel our organic growth efforts.'
Control Engineering Daily News Desk
Jim Montague, news editor