Woodward and Hexcel confirm ‘merger of equals’

Posted on 12 Feb 2020 and read 300 times
Woodward and  Hexcel confirm ‘merger of equals’Colorado-based Woodward Inc (a designer and manufacturer of control systems for aircraft engines and turbines) and Hexcel Corporation (an industrial materials company based in Connecticut) have agreed an all-stock ‘merger of equals’
to create a premier integrated systems provider.

The combined company, to be named Woodward Hexcel, will be among the world’s top independent aerospace and defence suppliers by revenue.

It will have more than 16,000 employees, manufacturing operations in 14 countries on five continents, and a diversified customer base in multiple markets.

Nick Stanage, Hexcel chairman and CEO (www.hexcel.com), will be the CEO of the combined company.

Tom Gendron, chairman and CEO of Woodward (www.woodward.com), will serve as executive chairman until its first anniversary.

Mr Stanage said: “The future of flight and energy efficiency will be defined by next-generation platforms delivering lower cost of ownership, reduced emissions and enhanced safety, and a combined Hexcel and Woodward will be at the forefront of this evolution.

"Woodward’s innovative control systems and Hexcel’s advanced lightweight materials are designed to drive improved reliability, efficiency and emissions.

"Through our combined scale and strong cash-flow profile, we will be even better positioned to accelerate innovation in aerodynamics and propulsion efficiencies and to support evolving customer needs.”

The combined company expects to spend about $250 million on research and development in its first full year and will have greater resources to invest in emerging technologies to support next-generation aerospace customer programmes and accelerate innovation in aerodynamics, propulsion, and energy efficiency.

Be seen in all the right places!

WIN Eurasia 2020 Midest (Global Industrie) 2020 MACH 2020 Metal Show & TIB ITM Industry Europe 2020 Subcon 2020 Manufacturing & Supply Chain Expo MTA Vietnam 2020 TCT 3SIXTY Toolex 2020 MTA Hanoi Machine Tool Indonesia 2020 FITMA 2021

The online search from the pages of Machinery Market.

Swing 350mm
Distance between Centres 770 mm
Spindle Speeds 40-2240 rpm
Spindle Bore 35 mm
Swing 350mm Distance between Centres 770 mm Spindle Speeds 40-2240 rpm Spindle Bore 35 mm Metric...
Geesin, Phil Machinery Ltd