Endress+Hauser to Buy Kaiser Optical SystemsSeptember 3, 2013
The divestiture is part of Rockwell Collins’ strategy to accelerate its focus on growth opportunities in its addressed markets, and the acquisition will expand Endress+Hauser’s offerings in advanced analytics for liquids, gases, and solids.
CEDAR RAPIDS, IA /BUSINESS WIRE/ -- Rockwell Collins Inc. announced 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, MI, 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 1% of the company's total revenue.
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 in 2012.
About Rockwell Collins
Rockwell Collins Inc. 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.
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