Curtiss-Wright Flow Control Acquires Northeast Technology Corporation
Monday, May 18, 2009
Curtiss-Wright Flow Control Company announced today that it has acquired all of the stock of Northeast Technology Corporation (NETCO) and an exclusive worldwide license of the NETCO Snap-In™ technology for a total of $3.5 million in cash. NETCO provides engineering analysis, software development, laboratory testing services and in-plant testing, and specializes in spent fuel management for the nuclear power industry. NETCO will become part of Curtiss-Wright Flow Control Company Nuclear Group's Scientech business unit.
Founded in 1982, NETCO is the recognized expert in neutron absorber materials and provides unique spent fuel pool-related products, services and analysis. Its Snap-In™ is a patented neutron absorber product which extends the life of spent fuel pools and addresses regulatory requirements related to the safe operation of nuclear power plants. With 2008 sales of $1.5 million, NETCO is headquartered in Kingston, NY. More…
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