Curtiss-Wright Corp. (NYSE: CW) said it has acquired the Versatile Measuring Instruments (VMI) and Lisle-Metrix (L-M) product lines from the Amidyne Group for about $7 million. Curtiss-Wright said the VMI and L-M product lines serve the commercial nuclear power market, and consist of original equipment and re-engineered replacement products for obsolete equipment. Curtiss-Wright will integrate both product lines into its Flow Control business segment.
"The acquisition of the VMI and L-M product lines is a strong strategic fit with our existing Instrumentation and Controls business, which provides nuclear grade analog process control instrumentation to support the current installed base of operating reactors," said Martin R. Benante, chairman and CEO of Curtiss-Wright Corp. "Both product lines add complementary capabilities for panel meters, conductivity analyzers, timers and relays.”
Both product lines primarily serve the 30 Candu nuclear power plants worldwide, with the majority of revenue generated from the 21 Canadian Candu plants.
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