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.
Talk to the deal team
Dr. Hans Bethge
Senior AdvisorHamburg, Germany
Sale of ProfiSMS to R22
NetBrokers Holding has sold ProfiSMS, s.r.o. to R22 Group.Learn more
Bonnier Corporation has sold seven of its US titles to North Equity
Bonnier Corporation has sold seven of its most popular US titles, including Popular Science, Popular Photography, Saveur, Outdoor Life, Field & Stream, Better You and Interesting Things, to venture equity group North Equity.Learn more
C2, a Canadian leader in ITSM software, has been acquired by Sherweb, a global cloud solutions provider
Sherweb Inc., a global cloud solutions provider and winner of many industry awards, has acquired C2 Enterprise, a Canadian IT leader specializing in integrated ITSM software solutions. This transaction allows Sherweb to expand its value-added solution offering.Learn more