This acquisition of CTG will allow Goodrich, a USA headquartered supplier of systems and services to aerospace, defence and homeland security markets, to expand its composite capabilities.
"CTG's innovative composite design, engineering and manufacturing experience has positioned it for significant future growth as aircraft currently in development transition into production," says Jack Carmola, Segment President, Actuation and Landing Systems at Goodrich. "This acquisition allows Goodrich to benefit from this expected growth and to expand our composite capabilities into a broader range of Goodrich systems. We intend to leverage CTG's proprietary technology across a number of Goodrich products to benefit commercial and military customers worldwide."
CTG, a privately-held company, employs approximately 150 people at its Banbury, UK, facility.
CTG's aerospace products include transmission shafts for flight control and power drive systems as well as specialised pipes used in fuel systems. CTG has also applied its composite capabilities to a number of other products, including flywheels and accumulators in the clean energy and advanced vehicle markets.
CTG will become part of the Goodrich Actuation Systems business.
The terms of the acquisition have not been disclosed.
Goodrich, which supplies aircraft and engine manufacturers, airlines and defence forces around the world, had revenues of US$6.7 billion in 2009 and employs around 24 000 people worldwide.
