Curtiss-Wright Corporation announced that it has completed the acquisition of Ultra Nuclear Limited and Weed Instrument Co., Inc. for $200 million in cash. Ultra Energy is a leading global provider of safety-critical measurement and control systems to the Commercial Nuclear and Aerospace & Defense markets.
The business designs and manufactures reactor protection systems, neutron monitoring systems, radiation monitoring systems, and temperature and pressure sensors that facilitate the safe and reliable operation of commercial nuclear reactors and other power generation plants. It also provides support to the legacy UK nuclear submarine fleet, as well as current and next-generation ship designs.
In alignment with their strategic priorities highlighted at Investor Day, the acquisition of Ultra Energy increases the breadth of Curtiss-Wright’s global commercial nuclear portfolio with highly complementary measurement and control solutions supporting plant life extensions and modernization projects of aging power plants and further expands their presence with the leading global designers of small modular reactors, both in the U.S. and Europe.
Courtesy of Curtiss-Wright.