FORT COLLINS, CO -- (Marketwire) -- 10/06/08 -- Woodward Governor Company (NASDAQ: WGOV)
today announced it has acquired all of the outstanding capital stock of
MotoTron Corporation and the intellectual property assets owned by its
parent company, Brunswick Corporation (NYSE: BC), that are used in
connection with the MotoTron business.
MotoTron specializes in software tools and processes used to rapidly
develop control systems for marine, power generation, industrial, and other
engine equipment applications. Its expertise includes engine, transmission,
vehicular, and exhaust aftertreatment control. MotoTron's calendar year
2008 sales are expected to be approximately $17 million.
MotoTron has been an important supplier and partner to Woodward since 2002.
Since that time, MotoTron has helped Woodward gain a competitive edge in
electronic control technologies for the alternative-fueled bus and mobile
equipment markets. Woodward also believes that MotoTron's engineers and
support staff have demonstrated a strong aptitude for total control system
design and development, from concept to production, including software
development, mechatronic design, control module development, and quality
processes.
"This acquisition strengthens our ability to serve the transportation and
power generation markets," said Tom Gendron, Woodward Chairman and CEO.
"MotoTron's broad, multi-disciplinary expertise around integrated
mechanical and electronic control systems will allow us to better fulfill
our customers' needs for systems that meet tough requirements for exhaust
emissions, performance and fuel efficiency."
MotoTron employs approximately 80 people worldwide, most of whom are
located in Oshkosh, Wis.; Ann Arbor, Mich.; Columbus, Ind.; and Fort
Collins, Colo. MotoTron is expected to be integrated into Woodward's Engine
Systems business segment.
About Woodward
Woodward is an independent designer, manufacturer, and service provider of
energy control and optimization solutions for engines, aircraft and
industrial turbines, and electrical power system equipment. The company's
innovative fluid energy, combustion control, electrical energy, and motion
control systems help customers offer cleaner, more reliable and
cost-effective equipment. Woodward is headquartered in Fort Collins, Colo.,
USA and serves global markets in aerospace, power and process industries,
and transportation.