CEDAR RAPIDS, Iowa, 3 Nov. 2008.Rockwell Collins announced its intent to acquire SEOS, a supplier of highly realistic visual display solutions for commercial and military full flight simulators. Terms of the agreement were not disclosed.
After completion of the transaction, SEOS will operate under the Rockwell Collins name and will become part of the company's Simulation and Training Solutions organization.
"We are pleased to bring SEOS' expertise and excellent customer affinity to Rockwell Collins. Their state-of-the-art displays, coupled with our industry-leading image generators, create a fully integrated visual system that is truly greater than the sum of its parts," says Rockwell Collins Chairman, President, and Chief Executive Officer Clay Jones.
"SEOS has enjoyed a wonderful 24 years as an independent company within the simulation industry - but we now feel that for the benefit of our customers and staff, we need a strong partner to take us to the next level," says Owen Wynn, executive chairman of SEOS. "Rockwell Collins is the perfect choice because of the wonderful synergies between the two companies."
The transaction is expected to be completed in about 30 days and is subject to regulatory approvals. The acquisition is not expected to have a material impact on Rockwell Collins' fiscal year 2009 earnings, company officials say.
SEOS, which has 150 employees and is headquartered in West Sussex, U.K., provides complete design, development, production, installation and support services that are used worldwide in simulators for military and commercial flight, air traffic control, marine, and surface transportation.
