Rockwell Collins (NYSE: COL) said it has acquired Newport News, Virginia-based International Communications Group, Inc. (ICG), a leading provider of satellite-based global voice and data communication products and services for the aviation industry.
The initial purchase price was USD50 million and additional post-closing consideration of up to USD14 million may be paid.
ICG´s products and services will be integrated into Rockwell Collins´ Commercial Systems portfolio. ICG´s CEO Scott Trainum said, “Bringing ICG into the Rockwell Collins family is the culmination of 20 years of hard work by the dedicated team of professionals at ICG. To be recognized by a company that shares the same commitment to innovation, quality, customer service and employees is a remarkable accomplishment by all of our people.”
Rockwell Collins is a pioneer in the development and deployment of innovative communication and aviation electronic solutions for both commercial and government applications.