Leading Provider of Highly Engineered Controllers for Next Generation Electric Vehicles in Industrial and Medical Markets
Christchurch, UK, November 13th, 2012 – PG Drives Technology is pleased to announce that the acquisition by Curtiss-Wright is now complete. PG Drives Technology is a leading designer and manufacturer of highly engineered controllers and drives used in a wide variety of advanced electric-powered industrial and medical vehicles. The business will operate within the Curtiss-Wright Controls Industrial division.

“Curtiss-Wright is an ideal parent for PG Drives Technology and brings increased investment and resources to the business” said Hal Chenhall, Managing Director, PG Drives Technology. “PG’s advanced control technology is central to Curtiss-Wright’s strategy for diversification and expansion into mobility and industrial systems. We join the fast growing industrial division which includes Penny & Giles. Combined we are leaders in position measurement and control for the world’s most demanding industries.”

"The acquisition of PG Drives Technology significantly strengthens and expands Curtiss-Wright's existing industrial controls business and provides growth in a new direction with a strong presence in the rapidly growing electric vehicle market," said Martin R. Benante, Chairman and CEO, Curtiss-Wright Corporation. "With almost four decades as a...