[SatNews] ARINC Incorporated has entered into a definitive agreement to be purchased by Cedar Rapids, Iowa-based Rockwell Collins, Inc. (NYSE: COL) for $1.39 billion.
The sale is expected to close later this year, subject to customary regulatory closing conditions. Founded in 1929 as a communications provider for airlines during the emergence of commercial air travel in the United States, ARINC has evolved into a leading provider of engineering solutions in the aerospace, aviation, airports, government, networks, security, transportation industries and public safety with products and services in over 150 countries worldwide. The company is headquartered in Annapolis, Maryland with regional headquarters in London and Singapore.
"Rockwell Collins shares a culture of engineering excellence, strong client relationships and a focus on customer service that mirrors ARINC's own." said John Belcher, ARINC Chairman and Chief Executive Officer. "We believe this transaction will benefit both company's customer bases by bringing new and innovative solutions to the market."
"ARINC is an excellent strategic fit that builds on Rockwell Collins industry leading avionics and cabin technologies," said Kelly Ortberg, Rockwell Collins Chief Executive Officer and President. "The acquisition will allow the company to combine our in-flight systems with ARINC's extensive air-to-ground communications services to take advantage of the growing demand for aviation information management solutions. ARINC also provides communication and information processing for the rail, industrial security and public safety industries, enabling us to diversify and complement our aviation technology business."
ARINC Incorporated, a portfolio company of The Carlyle Group, provides communications, engineering and integration solutions for commercial and government customers worldwide. Headquartered in Annapolis, Maryland with regional headquarters in London and Singapore, ARINC is ISO 9001:2008 and AS9100:2009 Rev C certified.
Rockwell Collins (NYSE: COL) is a pioneer in the development and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management, and simulation and training is delivered by 19,000 employees, and a global service and support network that crosses 27 countries.

