The US-based Rockwell Collins, Inc today announced it has successfully completed the acquisition of B/E Aerospace, a leading manufacturer of aircraft cabin interior products and services, for $8.6 billion in total consideration, including debt assumed.
As part of this deal, the former B/E Aerospace factory will continue to operate in Kilkeel, County Down.
Rockwell Collins now has nearly 30,000 employees globally and a pro forma annual revenue in excess of $8 billion based on the calendar year 2016 results.
Effective immediately, B/E Aerospace is rebranded as Rockwell Collins. Werner Lieberherr, the former B/E Aerospace president and chief executive officer, now becomes executive vice president and chief operating officer of Rockwell Collins’ newly created Interior Systems business. He reports to Kelly Ortberg, chairman, president and chief executive officer of Rockwell Collins.
With the acquisition, Rockwell Collins expands its portfolio with a wide range of cabin interior products for commercial aircraft and business jets including seating, food and beverage preparation and storage equipment, lighting and oxygen systems, and modular galley and lavatory systems. This advances the company’s global growth strategy by expanding its previous focus on cockpit, cabin management, communication and connectivity solutions, and diversifies its product portfolio and customer mix.
“Today marks a major step in advancing our vision of being the most trusted source of aviation and high-integrity solutions in the world,” said Ortberg. “The industry-leading products and solutions being brought together by this acquisition give us a much broader offering, increasing value for our customers and ultimately driving long-term, profitable growth and shareowner value.”
“The many common values we share – from innovation and uncompromising quality and performance to outstanding customer relationships – position us well for a successful integration and make us stronger as we move forward together,” added Lieberherr. “Joining the Rockwell Collins family and its forward-thinking approach to the market sets us on an exciting path that will greatly benefit our customers, employees and shareowners.”
About Rockwell Collins
Rockwell Collins (NYSE: COL) is a leader in aviation and high-integrity solutions for commercial and military customers around the world. Every day they help pilots safely and reliably navigate to the far corners of the earth; keep warfighters aware and informed in battle; deliver millions of messages for airlines and airports; and help passengers stay connected and comfortable throughout their journey. As experts in flight deck avionics, cabin electronics, cabin interiors, information management, mission communications, and simulation and training, they offer a comprehensive portfolio of products and services that can transform their customers’ futures.
