Curtiss-Wright Corporation announces that it has acquired the assets of Scientech, LLC, of Idaho Falls, Idaho, for approximately $57.8 million. Scientech is a global provider of commercial nuclear power instrumentation, electrical components, specialty hardware, process control systems, and proprietary database solutions aimed at improving safety and plant performance, efficiency, reliability, and reducing costs. The business will become part of the Commercial Power & Services group within Curtiss-Wright’s Flow Control segment.
“The acquisition of Scientech complements our capabilities in the commercial nuclear power business and provides us with an excellent opportunity to expand in this high growth market,” says Curtiss-Wright Chairman and CEO Martin R. Benante. “The company brings high value business lines, including critical hardware, plant process controls, and proprietary database solutions which are highly synergistic with our existing nuclear power products, and supports our strategy to become a primary global source of critical technologies for nuclear power.”
Approximately half of Scientech’s business is generated by their Technical & Hardware Solutions Group, which provides instrumentation, electrical, and mechanical hardware for utilities to address obsolescence and improve efficiency and safety of operations. The balance of the business is generated by the Utility Services Group, which provides utilities with specialized analysis, technical consulting, and engineering solutions to assist in modernizing facilities, improving operating efficiency and responding to regulatory requirements.
Founded in 1983 as a consulting, engineering, and technical services company serving government and utility customers, Scientech has grown steadily, with 2006 sales of $46 million. Its customers are the leading players in the domestic and international commercial power market, as well as government agencies engaged in nuclear-related activities. The company is headquartered in Idaho Falls, Idaho, and has facilities in Huntsville, Alabama; Dunedin, Florida; Berwick, Pennsylvania; and New Milford, Connecticut.
Curtiss-Wright Corporation is a diversified company headquartered in Roseland, New Jersey. The company designs, manufactures, and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services. The firm employs approximately 6,200 people worldwide. Curtiss-Wright Flow Control specializes in the design and manufacture of highly engineered valves, pumps, electronics, and related products for the commercial nuclear power industry, oil and gas processing facilities, and a range of critical military programs. CWFC’s innovative, high-performance products play an integral role in our nation’s defense, and in the safe, efficient operation of power plants and other industrial sites worldwide. Based in Falls Church, Virgina, the company has 2,000 employees worldwide and is the Flow Control operating segment of Curtiss-Wright Corp.
To learn more call Alexandra M. Deignan of Curtiss-Wright Corporation at (973) 597-4734. Also visit [www.curtisswright.com] and [www.cwfc.com].
