US-based establishment Curtiss-Wright Corporation has divested its engineered packaging business, formerly Hybricon, to Atrenne Integrated Solutions.
The sale is in line with the company’s long-term strategy to improve operating margins, increase cash flow and position Curtiss-Wright for sustained growth.
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Curtiss-Wright’s engineered packaging business develops electronic packaging solutions that are specifically tailored to operate in a variety of demanding real-world environments for military and aerospace customers.
Its solutions include features such as extreme cooling of high-powered electronics, enhanced signal integrity properties, small-dimensional footprint and weight, and intense ruggedness, including the ability to withstand heat, shock, vibration, acceleration, humidity, sand, dust, salt and other influences.
Commenting on the deal, Curtiss-Wright chairman and CEO David C Adams said: "Furthermore, it enables us to focus on our core businesses, while also providing a better strategic fit for their product portfolio.
"The divestiture of this non-core operation further enables Curtiss-Wright to become a top-quartile performer in our peer group."
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By GlobalDataThe financial terms of the transaction have not been disclosed.
The deal will enable Atrenne to boost growth in rugged, custom and commercial, off-the-shelf chassis and backplanes for defence, commercial and industrial markets.
This will combine Hybricon’s high-speed signaling technology and portfolio of field-proven enclosure designs with Atrenne’s electronic assemblies, front panels, extruded aluminium enclosures, card cages, integrally lit control panels, simulator components/assemblies, connectors, interconnects, speciality CCAs and backplanes.
Image: Curtiss-Wright’s engineered packaging business develops electronic packaging solutions. Photo: courtesy of koko-tewan via freedigitalphotos.net.
