Curtiss-Wright Acquires Nuclear Power Product Lines From Amidyne
Curtiss-Wright Corporation has acquired the Versatile Measuring Instruments (VMI) and Lisle-Metrix (L-M) product lines from the Amidyne Group for approximately $7 million. 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. The company 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 Corporation, in a prepared statement. “Both product lines add complementary capabilities for panel meters, conductivity analyzers, timers, and relays. Curtiss-Wright”s sales and marketing channel focuses on driving aftermarket business with North American nuclear plants, while also developing opportunities for profitable growth in the area of obsolescence solutions for the worldwide process control market.”
The Amidyne Group is a privately held Canadian company based in Newmarket, Ontario. It acquired the L-M and VMI product lines in 1998 and 2005, respectively. VMI”s product family consists mainly of safety-related panel meters, while L-M”s product line is more diverse, including conductivity analyzers, liquid level instruments, timers and relays. Both product lines primarily serve the 30 CANDU (Canada Deuterium Uranium) nuclear power plants worldwide, with the majority of revenue generated from the 21 Canadian CANDU plants.
