Curtiss-Wright acquired Transtech DSP Ltd. through the acquisition of VMETRO in October 2008
HOUSTON, Texas, Oct. 6, 2004. VMETRO and Transtech DSP announce the signing of a definitive agreement whereby VMETRO has acquired 100% of the shares in the UK-based digital signal processing solutions provider Transtech DSP Limited.
Transtech DSP's technology and product offerings within the areas of Digital Signal Processing (DSP) equipment represent a strong complement to VMETRO's current line of Data Recorder and I/O solutions, enabling the combined entity to provide customers worldwide with complete high-performance systems solutions for radar and sonar processing, digital software radio, spectrum analysis, telecommunications, medical imaging, as well as other advanced tests and measurements. Thus, Transtech DSP and VMETRO have identified substantial sales synergies for both companies.
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The transaction will also considerably strengthen VMETRO's position in the UK market, providing access to a very attractive client base. As part of the transaction, the U.S. subsidiaries, VMETRO Inc., based in Houston and Transtech DSP USA Corporation, based in Ithaca, N.Y., become an integrated entity serving the U.S. market.
Going forward, both the Houston and Ithaca locations will continue to play key roles in serving the U.S. market. Existing customers will continue to work with the same VMETRO and Transtech personnel they currently interact with, but over time will gain access to an even stronger combined team with an enhanced portfolio of available solutions. Transtech DSP's extensive product line includes innovative signal and data processing boards where powerful state-of-the-art FPGA processing engines are paired with DSP or PowerPC processors. In addition, the company offers analog I/O boards, software tools, libraries, drivers and enclosures. The products support a wide variety of industry standard embedded buses such as VME, CompactPCI, PCI and PMC. The company is the first in the industry to field signal processing products compatible with the new VITA 41 VXS standard with Multi-Gigabit/Sec class serial interconnects.
VMETRO and Transtech DSP expect to establish substantial mutual sales synergies by bringing the two companies together. Most systems where a recorder or I/O solution from VMETRO is needed also involve Digital Signal Processing (DSP). Similarly, a large number of DSP systems as offered by Transtech DSP require recorders or I/O solutions as offered by VMETRO.
The combined group will be in a unique position to offer complete signal processing solutions with integrated state-of-the-art recording capabilities. The integrated solutions reduce risk and time to market for customers and represent a very competitive offering in the market.
VMETRO has established strong distribution networks in the USA, Europe and certain countries in Asia. These will be excellent sales channels for Transtech DSP products and the combined solutions. The stronger market presence is expected to increase the Transtech DSP revenues, particularly in the USA.