29 June 2001

Woodward Governor Company announced it acquired the Cheltenham, England facility (Bryce) from Delphi Automotive Systems. The plant, with annual sales of approximately US $20 million, produces injection system components for the heavy industrial engine market, which primarily targets the main power generation, marine and rail traction sectors.

Approximately 216 employees associated with the heavy industrial diesel business in Cheltenham will also transition to Woodward and remain employed at the Cheltenham site.

Woodward has participated in this specialized niche of the diesel fuel injection markets through its existing fuel injection business based in Aken, Germany.

Delphi said, the sale enables it to focus more resources on strategic businesses such as the fast-growing passenger and light-, medium- and heavy-duty automotive diesel businesses, as well as key products such as common rail diesel systems and electronic unit injectors.

Source: Woodward, Delphi