Curtiss-Wright Acquires PG Drives Technology

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 leading supplier of high-end and reliable electric vehicle control systems, PG Drives Technology brings unmatched expertise, experience and long-standing customer relationships to Curtiss-Wright. This acquisition enhances our market diversification by providing further penetration into our existing industrial and medical markets while simultaneously increasing our presence and breadth of product offerings in the specialty vehicle market."

PG Drives Technology control systems are used in electric vehicles including materials handling vehicles, floor-cleaning machines, powered wheelchairs and mobility scooters serving the industrial and medical markets. The company's products deliver precise variable power from batteries to electric drive motors, and are fully programmable to suit various motor types, voltages and power levels. All products incorporate proprietary advanced motor control algorithms and available accessories include joystick controls, displays for battery state-of-charge and vehicle status, and field programming units.

Ends

For further information, sales and reader service enquiries contact:
David Taylor, Director of Marketing, PG Drives Technology
1 Airspeed Road, Christchurch, Dorset, BH23 4HD, United Kingdom.
Tel: 44 (0)1425 271444, Email: taylord@pgdt.com, Web: www.pgdt.com

For press information contact:
Simon Cantillion, Cantillion King Advertising
16 The Cornhill, Stroud, Gloucestershire, GL5 2JT, United Kingdom.
Tel: 44 (0)1453 755551 Fax: 44 (0)1453 751525
E-mail: simon@cka.co.uk Web: www.cka.co.uk 

About PG Drives Technology
PG Drives Technology is one of the world’s leading manufacturers of motor control systems for all types of industrial and mobility electric vehicles. Our products are renowned for their effective combination of performance, function, reliability and cost, and are backed up by highly trained and motivated technical support teams. The company operates from a modern design facility in the UK, with a fully equipped sales and service center in the USA, sales and technical support offices in Taiwan and China, and manufacturing sites in both the UK and China. In addition, there are service and sales partners in many other countries across the world. For more information visit www.pgdt.com

About Curtiss-Wright Corporation
Curtiss-Wright Corporation is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control, motion control and metal treatment to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation along with long-standing customer relationships. The company employs approximately 8,600 people worldwide. For more information, visit www.curtisswright.com

About Curtiss-Wright Motion Control Segment
Curtiss-Wright Controls, Inc., headquartered in Charlotte, NC, is the Motion Control business segment of Curtiss-Wright Corporation. This business segment designs and manufactures complex motion control components, systems and subsystems for very specialized defense, commercial aerospace and general industrial applications. For more information, visit www.cwcontrols.com

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About PG Drives TechnologyPG Drives Technology is one of the world’s leading manufacturers of motor control systems for all types of industrial and mobility electric vehicles. Our products are renowned for their effective combination of performance, function, reliability and cost, and are backed up by highly trained and motivated technical support teams. The company operates from a modern design facility in the UK, with a fully equipped sales and service center in the USA, sales and technical support offices in Taiwan and China, and manufacturing sites in both the UK and China. In addition, there are service and sales partners in many other countries across the world. For more information visit www.pgdt.com About Curtiss-Wright CorporationCurtiss-Wright Corporation is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control, motion control and metal treatment to the defense, energy and commercial/industrial markets. The legacy company of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of design and manufacturing innovation along with long-standing customer relationships. The company employs approximately 8,600 people worldwide. For more information, visit www.curtisswright.com About Curtiss-Wright Motion Control SegmentCurtiss-Wright Controls, Inc., headquartered in Charlotte, NC, is the Motion Control business segment of Curtiss-Wright Corporation. This business segment designs and manufactures complex motion control components, systems and subsystems for very specialized defense, commercial aerospace and general industrial applications. For more information, visit www.cwcontrols.com

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Quotes

Curtiss-Wright is an ideal parent for PG Drives Technology and brings increased investment and resources to the business
Hal Chenhall, Managing Director, PG Drives Technology
The acquisition of PG Drives Technology significantly strengthens and expands Curtiss-Wright's existing industrial controls business and provides growth in a new direction
Martin R. Benante, Chairman and CEO, Curtiss-Wright Corporation