Woodward Completes Acquisition of Safran's North American Electromechanical Actuation Business

Core Insights - Woodward has completed the acquisition of Safran's Electronics & Defense electromechanical actuation business, enhancing its aerospace capabilities [1][3] - The acquisition includes key technologies such as the Horizontal Stabilizer Trim Actuation (HSTA) systems, which are critical for aircraft stabilization, particularly for the Airbus A350 [1][2] - This strategic move is part of Woodward's growth strategy in the aerospace sector, aiming to create value for customers and shareholders [3] Company Overview - Woodward is a global leader in energy control solutions for aerospace and industrial markets, headquartered in Fort Collins, Colorado [5] - The company focuses on innovative control systems that operate in challenging environments, emphasizing a commitment to powering a clean future [5] Acquisition Details - The acquisition encompasses intellectual property, operational assets, talent, and long-term customer agreements [1] - Financial terms of the transaction are not disclosed as it is not considered financially material [4] - The integration process is expected to be managed efficiently to support both team members and customers [3]