Project Description

Synchro-Start Products, Inc., a Niles, Illinois based manufacturer of diesel engine control systems and subsidiary of Knowles Electronics Holdings, Inc., has been acquired by Woodward Governor Company (Nasdaq:WGOV). Syncro-Start is a world leader in the design, development, and manufacture of actuators, solenoids, and controls for industrial engines and equipment. Syncro-Start products address traditional large diesel engines as well as the growing high-speed small diesel engine market. Syncro-Start products are sold to the heavy vehicle markets for off-highway, agriculture, construction, utility, power generation, truck and bus, and marine use.

Woodward is the world’s largest independent designer and manufacturer of energy control solutions for aircraft and industrial engines, turbines and power equipment. Woodward’s products and services are used in the aerospace, power generation, oil and gas, rail, marine and industrial markets.

Terms of the transaction were not disclosed. Philpott Ball & Werner served as advisor to Woodward.