Curtiss-Wright Completes Acquisition of Ultra Nuclear Limited
Deal News | Jan 02, 2025 | EIN
Curtiss-Wright Corporation completed the acquisition of Ultra Nuclear Limited and Weed Instrument Co., Inc. for $200 million in cash. Ultra Nuclear is a significant player in the provision of safety-critical measurement and control systems for the nuclear, aerospace, and defense industries. This strategic acquisition strengthens Curtiss-Wright's portfolio in the global commercial nuclear sector, offering complementary solutions to extend the life of nuclear plants and modernize them. The acquisition is aligned with the company's strategic priorities for profitable growth and is expected to enhance Curtiss-Wright's earnings per share from the first year. Ultra Nuclear reported sales of approximately $65 million in 2023.
Sectors
- Nuclear Energy
- Aerospace & Defense
Geography
- United States – Curtiss-Wright Corporation is based in the U.S. and the acquisition targets the U.S. nuclear market.
- United Kingdom – Ultra Nuclear provides support to the UK's nuclear submarine fleet.
- Europe – The acquisition aims to extend Curtiss-Wright's reach in operating small modular reactors in Europe.
Industry
- Nuclear Energy – The acquisition involves companies involved in nuclear safety systems and technologies.
- Aerospace & Defense – Ultra Energy serves the aerospace and defense markets with critical safety systems.
Financials
- $200 million – The acquisition price paid by Curtiss-Wright Corporation for Ultra Nuclear Limited and Weed Instrument Co., Inc.
- $65 million – The sales generated by Ultra Energy in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Curtiss-Wright Corporation | Acquirer | Company | A diversified engineering firm with a focus on critical sensors, controls, and surface treatment technologies. |
| Ultra Nuclear Limited | Target | Company | A global provider of safety-critical measurement and control technology for nuclear and defense industries. |
| Weed Instrument Co., Inc. | Target | Company | Involved in manufacturing sensors and monitoring systems, acquired with Ultra Nuclear Limited. |