Curtiss-Wright acquires Swantech for $3.6 million

Curtiss-Wright Corporation announced September 5 that it has acquired the assets and certain liabilities of TechSwan Inc. (dba Swantech) of Fort Lauderdale, Fla., for $3.6 million. Swantech has developed advanced software to monitor, predict and evaluate the operating condition of high-performance critical equipment, primarily in the marine, power and process markets. The business will become part of Curtiss-Wright's Flow Control segment.

Swantech's patented Stress Wave Analysis (SWAN) technology incorporates hardware and web-based software to detect minute levels of friction in any component where deterioration is problematic, enabling operators to identify deteriorating health well in advance of conventional vibration and temperature based monitoring systems, thus avoiding unscheduled downtime.

"The acquisition of Swantech enhances our highly engineered equipment business by providing a state-of-the art diagnostic system to identify critical machinery failures before they occur," said Curtiss-Wright chairman and CEO Martin R. Benante. "This patented technology complements our high-performance products in the processing, nuclear power and defense markets, presenting us with an excellent opportunity for expansion in these growth markets."

Swantech has projected sales of $1.5 million for 2006. The company holds six U.S. patents and one European patent, and has additional patents pending. Customers include the major luxury cruise ship companies, as well as leading players in aerospace, defense, transportation, power generation, and oil and gas processing industries.

Curtiss-Wright Corporation is a diversified company headquartered in Roseland, N.J. The company designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services.