Curtiss-Wright completes acquisition of TCG

20 March 2019 (Last Updated March 20th, 2019 09:47)

Curtiss-Wright has completed the acquisition of Tactical Communications Group (TCG) for $50m in cash.

Curtiss-Wright has completed the acquisition of Tactical Communications Group (TCG) for $50m in cash.

TCG provides tactical data link software solutions to military communications systems worldwide.

The company will be incorporated into Curtiss-Wright’s defence business unit. This deal is expected to be accretive to 2019 earnings per share without including the impacts of first-year acquisition accounting adjustments.

Curtiss-Wright chairman and CEO David C Adams said: “This acquisition yields significant opportunities for growth by enhancing our existing flight test instrumentation offering with complementary tactical data link processing software, analytics and visualisation capabilities, and also providing penetration into the tactical data link test, simulation and training markets.

“TCG’s proven commercial off-the-shelf (COTS) TDL software solutions minimise the time and effort required to build, integrate, test, train, and deploy effective and affordable military communications systems.

“Its products are claimed to secure and help in the exchange of wireless communications that include voice, text, image and, command and control messages between different platforms.”

“Further, this transaction is consistent with our disciplined acquisition strategy and supports our long-term financial objectives to drive continued profitable growth for our shareholders.”

Providing a complete ecosystem for improving the performance of data link systems, TCG’s software solutions enable platform integrators to validate the links, use analytics, simulation, scripting, and visualisation of the network data.

Its products are claimed to secure and help in the exchange of wireless communications that include voice, text, image and, command and control messages between different platforms such as aircraft, ship, ground vehicles and by dismounted soldiers.

Its major products include TDL processing software LinkPro, scripting and simulation software Battlefield Operations Support System (BOSS), hardware test station Ground TDL System (GTS), and HUNTR, which helps to integrate LinkPro software with multi-TDL message translation.

Headquartered in Tewksbury, Massachusetts, US, TCG posted $15m in revenue last year, primarily in the aerospace defence market and has almost 50 employees.