Eurotech S.p.A. has sold its fully owned subsidiary, Parvus Corporation, to Curtiss-Wright Corporation

Lincoln International, a leading global investment bank, today announced that it represented Eurotech S.p.A. (BIT:ETH, “Eurotech”), a leading provider of embedded products and technology and of highly energy efficient supercomputers, in the sale of its fully owned U.S. subsidiary, Parvus Corporation (“Parvus” or the “Company”), to Curtiss-Wright Corporation (NYSE:CW, “Curtiss-Wright”).

Headquartered in Salt Lake City, UT, Parvus is a leading designer and manufacturer of rugged small form factor computers and communication subsystems for the aerospace, defense, homeland security and industrial markets. The Company’s product portfolio of embedded computers and ruggedized COTS (commercial off-the-shelf) subsystems is perfectly suited for today’s market demands. Parvus will operate within Curtiss-Wright’s Controls segment.

Lincoln acted as exclusive financial advisor to Eurotech S.p.A. in this transaction, working closely with the Eurotech and Parvus teams throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Roberto Siagri, President and CEO of Eurotech, stated: “With its global presence and sector expertise Lincoln International was the ideal partner for the divestment of Parvus. The combined know-how and market insights of the Aerospace & Defense and Technology / Electronics teams provided the proper positioning and marketing of Parvus. We were very pleased with the professionalism and ability to bridge between different business cultures of the Lincoln team throughout the process. This successful transaction allows us to focus on our strategic directions of Pervasive Computers and Low-power Supercomputers (Green HPCs) and drive initiatives such as our Everyware Device Cloud, a unique and innovative M2M iPaaS, and our original Xentinel SaaS solution for security and surveillance.”

About Parvus Corporation

Founded in 1983, Parvus is a recognized leader in the design and manufacture of open standard-based modules and COTS (commercial off-the-shelf) subsystems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) applications in the defense market and various applications in the aerospace, homeland security and general industrial markets. The company’s SWaP-optimized solutions, including Rugged Processor Systems, Mobile Networking Subsystems and Industrial Grade Board-Level PC/104 Modules, are used in critical defense applications such as unmanned systems and tactical C4ISR payloads. Their capabilities include rapid turnkey subsystems integration and development services, and the design of complete embedded computer systems and COTS subsystems to meet customer requirements. For more information, visit www.parvus.com.

About Curtiss-Wright Corporation

Curtiss-Wright Corporation is an innovative engineering company that provides highly engineered, critical function products, systems and services in the areas of flow control, motion control and surface treatment technologies to the defense, energy and commercial/ industrial markets. Curtiss-Wright Controls is the Controls segment of Curtiss-Wright and a leading designer and manufacturer of advanced technologies for niche actuation and drive applications, integrated sensors and controls, and electronic subsystems internationally for the aerospace, defense and industrial markets. Curtiss-Wright employs approximately 10,000 people worldwide. For more information, visit www.curtisswright.com.

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