Rockwell Collins Announces Agreement to Sell Kaiser Optical Systems to Endress+Hauser
Rockwell Collins Announces Agreement to Sell Kaiser Optical Systems to Endress+Hauser
CEDAR RAPIDS, Iowa--(BUSINESS WIRE)-- Rockwell Collins, Inc. (NYS: COL) announced today that it has reached a definitive agreement to sell its subsidiary, Kaiser Optical Systems, Inc., a leader in spectrographic instrumentation and applied holographic technology, to Endress+Hauser.
Terms of the agreement are undisclosed. The sale is expected to be completed in early fiscal 2014 and is subject to customary closing conditions.
"This divestiture is part of an overall strategy to accelerate our focus on growth opportunities in our addressed markets," said Rockwell Collins Chief Executive Officer and President Kelly Ortberg. "Kaiser Optical also benefits by joining an organization that concentrates on the primary industries it serves."
Kaiser Optical Systems, located in Ann Arbor, Mich., became a Rockwell Collins company in 2000 as part of the company's purchase of K Systems, Inc., the parent company of Kaiser Aerospace and Electronics. Principal products include Raman sensors and instrumentation, advanced holographic components for spectroscopy, telecommunications, astronomy and ultra-fast sciences, and components for aircraft display systems. These products and services are deployed in diverse applications that include defense, pharmaceutical and chemical manufacturing, nanotechnology, telecommunications and education.
"With the acquisition of Kaiser Optical Systems, we are expanding our range in the field of advanced analytics for liquids, gases and solids. In addition, we are strengthening our optical technology and manufacturing competence," said Endress+Hauser Chief Executive Officer Klaus Endress, who emphasized the strategic dimension of the acquisition. "The Raman technology enlarges our offering for customers in core industries."
Kaiser Optical Systems' revenues are reported as part of Rockwell Collins Government Systems avionics business, and represent less than one percent of the company's total revenue.
About Endress+Hauser
Endress+Hauser is a global leader in measurement instrumentation, services and solutions for industrial process engineering. The group provides sensors, instruments, systems and services for level, flow, pressure and temperature measurement, analytics and data acquisition. Endress+Hauser employs more than 10,000 people worldwide, generating net sales of 1.7 billion euros in 2012. To find out more, please visit www.endress.com.
About Rockwell Collins
Rockwell Collins (NYS: 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 approximately 19,000 employees, and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.
Media Contacts:
Rockwell Collins
Pam Tvrdy-Cleary
+1 319-295-0591 office
+1 319-431-0951 mobile
pjtvrdy@rockwellcollins.com
Follow us on Twitter: @RockwellCollins
or
Endress+Hauser AG
Monique Juillerat
+41 61 715 7729 office
monique.juillerat@holding.endress.com
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