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Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Curtiss-Wright Corporation acquired Peritek Corporation’s assets and certain liabilities on August 1, 2003. Curtiss-Wright reported a purchase price of $3.2 million in cash plus assumed liabilities. Peritek made video and graphic display boards for embedded-computing systems; the deal and its financial figures are historical, not evidence of current product availability.
Who acquired Peritek, and when?
The buyer was Curtiss-Wright Corporation, a supplier serving military and aerospace markets. Its 2003 annual report records the acquisition of Peritek’s assets and certain liabilities on August 1, 2003. The report gives a purchase price of $3.2 million in cash plus assumed liabilities. Curtiss-Wright’s 2003 annual report
The transaction was an asset acquisition, not a statement that Curtiss-Wright bought all of Peritek as a legal entity. The annual report says $1.5 million was paid at closing; the balance was subject to a promissory note and a holdback for potential indemnification claims. It also valued developed technology included in the acquired net assets at approximately $2.6 million. These are reported transaction details, not a current valuation or product price.
What did Peritek make?
Peritek, based in Oakland, California, supplied video and graphic display boards for embedded-computing systems. Curtiss-Wright’s annual report identified applications in aviation, defense, medical imaging, bomb detection, and industrial automation. Curtiss-Wright’s 2003 annual report
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A 2003 trade report described graphics-controller platforms for PMC, PCI, CompactPCI, and VME systems, with operating environments that included Solaris, Windows, Linux, VxWorks, and Lynux. Those platform and software references describe the products at that time; they do not establish present-day compatibility or support. Vision Systems Design’s 2003 report
How did Peritek fit into Curtiss-Wright?
Initial placement under VISTA Controls
Contemporary trade coverage said Peritek became a VISTA Controls business unit after the acquisition, while retaining its Oakland headquarters and brand identity at that point. Vision Systems Design’s 2003 report
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Consolidation into Embedded Computing
By November 2004, Curtiss-Wright Controls said it was consolidating the Peritek name and several other acquired names into its Embedded Computing group. The report said the names would cease as independent activities while their capabilities continued through product groups. Tom Quinly, then president of Curtiss-Wright Controls Embedded Computing Group, described the approach this way: “There will never be a total amalgamation. We like the model of having these technology-focused teams.” The comments explain the company’s stated integration approach in 2004, not its current organizational structure. 2004 trade report on Curtiss-Wright Controls
What do the reported financial figures mean?
Curtiss-Wright’s 2004 annual report provides several historical figures related to the deal:
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- $3.2 million in cash plus assumed liabilities: the reported purchase price for the August 2003 acquisition.
- $2.7 million in revenue: Peritek’s revenue for the fiscal year ended March 31, 2003.
- Approximately $2.6 million: the value assigned to developed technology included in the acquired net assets.
These figures refer to the transaction and periods stated in the annual report; they should not be read as current revenue, a current company valuation, or a current price for Peritek products. Curtiss-Wright’s 2003 annual report
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Are Peritek products still sold or supported?
The cited transaction and trade reports establish Peritek’s historical products and the later consolidation of its name, but they do not establish Peritek’s current corporate status, a successor-product lineage, current stock, or present support and compatibility. A buyer or maintainer should verify any specific board’s manufacturer, model, revision, operating requirements, and support status with current documentation before relying on it.
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