Rockwell Collins completes acquisition of B/E Aerospace
The merger was finalized for $8.6 billion in total consideration, including debt assumed, a statement reads. Effective immediately, B/E Aerospace is rebranded Rockwell Collins, and its former President & CEO, Werner Lieberherr, will function as Executive VP & COO of the newly created Interior Systems business, reporting to Rockwell Collins Chairman, President & CEO Kelly Ortberg.
With the acquisition, Rockwell Collins expands its employee base to close to 30,000 people. The addition of B/E Aerospace also expands the company’s scope in the cabin interior products segment 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. According to Kelly, “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.”
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“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,” he adds.