Moog buys MEMS device maker Crossbow Technology for $32M

June  6, 2011 – Marketwire — Moog Inc. (NYSE:MOG.A, MOG.B) acquired Crossbow Technology Inc. of Milpitas, CA. Crossbow designs and manufactures acceleration sensors for inertial navigation units and guidance systems. End-use sectors include aerospace, defense and transportation.

Moog expects "Crossbow’s innovative use of micro electromechanical systems (MEMS) technology in their advanced sensing products" to complement the company’s established controls business, said Warren Johnson, president, Moog Aircraft Group. Intel (INTC) invested in Crossbow in 2003, and the company had launched a business unit for its MEMS-based wireless sensor technology in 2007.

The purchase price, approximately $32 million, is the net of Crossbow’s cash balances. The company’s 2010 revenues equaled $13 million. The acquisition will add approximately $5 million to Moog’s sales for the remaining 2011 fiscal year. It is expected to be neutral to Moog’s earnings per share for the year ending October 1, 2011.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Additional information can be found at

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