Intelligrated
The North American-based automated material handling solutions provider has purchased Datria Systems, Inc., which develops voice-enabled mobile solutions for distribution, logistics and manufacturing processes. Once the acquisition is complete, Datria will become part of Intelligrated’s software subsidiary, Knighted. With the acquisition, Intelligrated hopes to further its efforts into the 3PL, wholesale, CPG and food/beverage industries.
Datria has developed a cloud-based VoIP architecture that will work alongside Intelligrated’s solutions a post-acquisition. The voice solutions allow employees to communicate directly to underlying systems with the use of voice alone, which the company believes is easier and faster that via traditional methods, such as computer keyboards.
In a release, Intelligrated Executive Vice President Greg Cronin said, “Our goal is to continue to develop software solutions that improve operational efficiency and lower supply chain costs. We will continue to invest in our software teams and develop innovative software and services using the latest tools and technologies.”
Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) has completed the acquisition of Exlar Corporation in a $85 million cash deal. Since 1991, Exlar has been designing and developing highly-engineered electric actuators for use in motion control solutions in industrial and military applications. At the moment, the company employs 183 people, with a headquarters and ISO-certified facility in Chanhassen, Minn.
In a statement, Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation, said, “The acquisition of Exlar provides Curtiss-Wright a cornerstone property serving multiple markets and addresses the growing demand for advanced, energy-efficient and environmentally-friendly actuation solutions, while strengthening our existing industrial controls business.”
Exlar will continue to operate within Curtiss-Wright’s Motion Control segment, and is expected to contribute sales of approximately $50 million in 2013.
Benante continued: This acquisition complements our recent acquisitions of PG Drives and Williams Controls and further enhances our market diversification by providing greater penetration into our existing markets while simultaneously increasing our presence and breadth of product offerings in specialty markets.”
Giga-tronics
The San Ramon, Calif.-based maker of test and measurement equipment has announced that it will sell one of its product lines, known as SCPM, for approximately $1 million to Teradyne, Inc. of North Reading, Mass. The sale is expected to close on or around April 1, 2013.
According to Giga-tronics, this sale consists of the intellectual property (IP) and other proprietary information related to the sold product line, along with remaining inventory and test equipment. Other IP will be licensed to Teradyne, and Giga-tronics will provide training to Teradyne so that they can begin producing the SCPM line again.
Of the sale, Giga-tonrics CEO John Regazzi said, “This transaction will strengthen the relationship between our two companies while, at the same time, providing Giga-tronics additional working capital for new product development.”
