Go to deals
Aerospace & Defense | Automotive | TMT

LORD Corporation has acquired Fly-by-Wire Systems from SKF Group

LORD Corporation has acquired Fly-by-Wire Systems, a subsidiary of SKF Group, for US$44 million.

LORD Corporation is a diversified technology and manufacturing company developing highly reliable adhesives, coatings, motion management devices and sensing technologies that significantly reduce risk and improve product performance. For more than 90 years, LORD has worked in collaboration with its customers to provide innovative oil and gas, aerospace, defense, automotive and industrial solutions. With world headquarters in Cary, N.C., USA, and revenues in excess of US$800 million, LORD has approximately 3,000 employees in 26 countries and operates 17 manufacturing facilities and nine R&D centers worldwide.

Based in Saint-Vallier, France, Fly-by-Wire Systems (FbW) designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft. FbW was a pioneer in this field as it collaborated with Airbus for its first introduction of fly-by-wire technology on the A320 commercial jetliner.

SKF Group is a leading global supplier of bearings, seals, mechatronics, lubrication systems and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has some 17,000 distributor locations worldwide.

This acquisition will position both entities for further expansion into new markets and regions, and provide LORD with a major aerospace engineering and manufacturing presence in Europe. LORD customers will now have access to a broader offering around the world of best-in-class dynamic components and electromechanical systems. FbW customers will see renewed focus on innovation and development of FbW’s product portfolio as well as its manufacturing and supply chain management capability.

Oaklins' team in Switzerland advised LORD Corporation on its expansion plans in Europe.

Service
M&A buy-side
Parties

Talk to the deal team

Dr. Hans  Bethge

Dr. Hans Bethge

Senior Advisor

Hamburg, Germany
Oaklins Germany
 Jens  Rutten

Jens Rutten

Partner

Zurich, Switzerland
Oaklins Switzerland

Related deals

Purpose has been acquired by Capgemini
TMT

Purpose has been acquired by Capgemini

Purpose, one of the world’s leading social impact agencies and a hub for campaign innovation, headquartered in New York with outlets across the globe, has been acquired by Capgemini SE.

Learn more
AVA Monitoring AB has been acquired by Indutrade AB
Industrial Machinery & Components | TMT

AVA Monitoring AB has been acquired by Indutrade AB

AVA Monitoring AB has been sold to Indutrade AB.

Learn more
Greenedge Cloud GEC Austria has been advised on its structuring and has raised funds
TMT

Greenedge Cloud GEC Austria has been advised on its structuring and has raised funds

Greenedge Cloud GEC Austria GmbH has completed a fundraising.

Learn more