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SCHENCK PEGASUS SERVOVALVE BUSINESS ACQUIRED BY MOOG
11 August 2000 - Moog Controls
| Moog Inc. announced today that it has acquired the Industrial Servovalve business of the Schenck Pegasus Corporation in Troy, Michigan. Schenck Pegasus is a subsidiary of Carl B. Schenck A.G., Darmstadt, Germany. |
Moog Inc. announced today that it has acquired the Industrial Servovalve business of the Schenck Pegasus Corporation in Troy, Michigan. Schenck Pegasus is a subsidiary of Carl B. Schenck A.G., Darmstadt, Germany. Founded in the early 1950s, Pegasus was acquired by Carl Schenck in the late 1980s. The company manufactures servocontrols and industrial servovalves and has an excellent reputation for supplying certain niche markets. Revenues are slightly over $2 million per year. Moog will move this business in its entirety to East Aurora, NY, and integrate it into Moog's Industrial Group which produces high-performance servocontrols and industrial servovalves for the worldwide automation market. This move will bring 15 new jobs to Moog's East Aurora complex. 'The Schenck Pegasus product fits perfectly within our industrial servovalve portfolio and will strengthen our offering to OEM customers all over the world,' said Marty Berardi, Vice President and General Manager of Moog's Industrial Controls Group. 'In addition, we'll provide our own strong aftermarket support for all of the Pegasus valves currently in service.'
http://www.moog.co.uk
About: Moog Controls
Moog Controls started life in the UK in October 1965 as Moog Hydra-Point, based in Cheltenham, England. This new subsidiary was set up to manufacture and market the Moog Hydra-Point machines in the UK, South Africa and European common market.Nearly 40 years later, not only does MCL manufacture a suite of products for motion control applications, they are also active in the design and development of new and innovative solutions for precision control problems. Our team of highly skilled engineers can provide project support to assist our customers in the performance of a wide variety of applications including, motion simulators for training and entertainment, industrial gas turbine controls, plastics machinery controls, heavy industry, metal forming & pressing, and commercial and military ground vehicle controls. All Moog subsidiaries are represented by regional sales engineers backed by comprehensive product and engineering support teams. Add to this the global presence of Moog and you are ensured a competent partner to deliver and service you and your customers needs. MCL employs over 270 people on its Tewkesbury site, accommodated in 3 buildings, producing over 21,500 servovalves per annum. |
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