Rockwell acquires ARINC for $1.4 billion
Tuesday, December 24, 2013 10:10 AM
Rockwell Collins Inc. announced yesterday that it has completed an acquisition of ARINC Inc. from The Carlyle Group for $1.4 billion. ARINC is a provider of communications, integration and engineering solutions. "With this move, we take a major leap forward to realizing our vision of providing a richer set of seamless information management solutions that encompass the aircraft and ground-based systems," said Kelly Ortberg, president and CEO of Rockwell Collins, in a press release. He went on to say that the acquisition shifts the company's balance toward an expanding commercial aviation sector, as ARINC has a strong presence in airport information systems.