News
Lord acquires SKF’s Fly-By-Wire Systems France subsidiary
LORD Corporation has announced it has agreed to acquire SKF’s Fly-By-Wire Systems France (FbW) subsidiary. Based in Saint-Vallier, France, FbW designs and manufactures cockpit controls, sensors, dampers and electromechanical actuators primarily for fly-by-wire systems on commercial fixed-wing aircraft. FbW was a pioneer in this field as it collaborated with Airbus for its first introduction of fly-by-wire technology on the A320 commercial jetliner. Its innovative product line is highly complementary to LORD capabilities in mechanical, electromechanical and dynamic systems.
March 18, 2016 By LORD Corporation
The acquisition by LORD will position both entities for further expansion into new markets and regions, and provide LORD a major aerospace engineering and manufacturing presence in Europe. LORD customers will now have access to a broader offering around the world of best-in-class dynamic components and electromechanical systems. FbW customers will see renewed focus on innovation and development of FbW’s product portfolio as well as its manufacturing and supply chain management capability.
“The acquisition of Fly-By-Wire Systems France will provide our customers additional value in the form of broader aerospace presence and application expertise, as well as a proven history in providing solutions for mission-critical applications,” said Ed Auslander, president and CEO, LORD Corporation. “Both organizations will benefit by gaining increased access to the critical markets in which they each have strong value propositions. We are excited about this acquisition and the growth opportunities it brings.”
