Lord Corp. has agreed to acquire SKF’s Fly-By-Wire Systems France (FbW) subsidiary, which designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft.
FbW collaborated with Airbus for its introduction of fly-by-wire technology on the A320 commercial jetliner.
Lord believes its current product line will complement Lord’s mechanical, electromechanical and dynamic systems.
The acquisition will position both entities to expand into new markets and regions, as well as provide Lord with an aerospace engineering and manufacturing presence in Europe.
Lord and SKF teams will work over the next three to four months to close the acquisition. Under Lord ownership, FbW will continue to operate out of its current location in France while retaining its current workforce.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
