Thursday, December 26, 2013
Rockwell Collins has finished its acquisition of ARINC. The aviation and military electronics producer said it finished its purchase from asset-management firm The Carlyle Group for $1.4 billion. "The acquisition represents an exciting new growth platform for Rockwell Collins and shifts the balance of the company toward the expanding commercial aviation sector," said Kelly Ortberg, CEO and president of Rockwell Collins. The Cedar Rapids, Iowa-based company said it expects the majority of integration to be completed during the next six to nine months. Annapolis, Md.-based ARINC provides communications, engineering and integration solutions for the aviation, defense and other industry sectors. Rockwell Collins said it would acquire ARINC in August. (Source: Des Moines Register, 12/23/13) Gulf Coast note: ARINC has operations in Northwest Florida.