Curtiss-Wright Corp. acquired the assets of Scientech LLC for
approximately $57.8 million. Scientech is a global provider of commercial
nuclear power instrumentation, electrical components, specialty hardware,
process control systems and proprietary database solutions aimed at improving
safety and plant performance, efficiency, reliability and reducing costs. The
business will become part of the Commercial Power & Services group within
Curtiss-Wright’s Flow Control segment.
“The acquisition of Scientech complements our capabilities in the commercial
nuclear power business and provides us with an excellent opportunity to expand
in this high growth market,” said Curtiss-Wright Chairman and CEO Martin
Benante.
Approximately half of Scientech’s business is generated by its Technical &
Hardware Solutions Group, which provides instrumentation, electrical and
mechanical hardware for utilities to address obsolescence and improve
efficiency and safety of operations. The balance of the business is generated
by the Utility Services Group, which provides utilities with specialized
analysis, technical consulting and engineering solutions to assist in
modernizing facilities, improving operating efficiency and responding to
regulatory requirements.
Founded in 1983 as a consulting, engineering and technical services company
serving government and utility customers, Scientech has grown steadily, with
2006 sales of $46 million. The company is headquartered in Idaho Falls, ID, and
has facilities in Huntsville, AL; Dunedin, FL; Berwick, PA; and New Milford,
CT.