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Woodward has completed its acquisition of L'Orange GmbH and related operations for an enterprise value of €700 million (US$811 million). The deal strengthens Woodward's Industrial segment.
Woodward Inc. and Rolls-Royce signed an agreement for Woodward to acquire L'Orange GmbH and related operations in Germany, the US and China for an enterprise value of €700 million (US$859 million). L'Orange will be renamed Woodward L'Orange.