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Monday, March 21, 2016

Lord Moves Into Europe With SKF Acquisition

Amy Kluber

Lord Corp. has acquired 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 both fixed- and rotary-wing aircraft.

According to a Lord press release, the acquisition 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 said the acquisition is expected to close in the next three to four months. Under LORD ownership, FbW will continue to operate out of its current location in France while retaining its current workforce.
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