BELLEVUE, Wash—Aerospace and defense products maker Esterline Corp. has agreed to acquire the aerospace and defense display businesses of Belgium-based Barco N.V. These operations manufacture high-technology, harsh-environment displays and visualization solutions for avionics, defense, air traffic control and training and simulation markets.
The US$200 million transaction is expected to close in December or January, contingent upon Hart-Scott-Rodino approval, completion of French employee protective rights procedures, and other customary closing conditions.
Upon closing, the acquired operations will be integrated into Esterline’s Avionics & Controls business segment. The addition of Barco’s high-quality visual processing solutions is expected to enhance Esterline’s position as an innovative supplier of human-machine interface products primarily for aerospace customers in both commercial and defense markets. With annual revenues of approximately $200 million, this acquisition will significantly expand Esterline’s existing business in the display category.
“This acquisition will rapidly expand our global display capability, and better position the company across a wide range of growing end markets. The immediate and cost-effective expansion of Esterline’s visual display business—an important core technology—will reinforce our ability to pursue opportunities with a variety of customers,” said Curtis Reusser, Esterline’s CEO.
Barco has Canadian operations in Mississauga, Ont.