Astronics ramps-up defense and aerospace test and measurement with EADS T&S acquisition
EAST AURORA, N.Y., 24 Jan. 2014. Executives of Astronics Corp. in East Aurora, N.Y., are boosting their company's expertise in automatic test and measurement with their pending acquisition of the EADS North America Test and Services division (EADS T&S) in Irvine, Calif.
Astronics has agreed to acquire substantially all of the assets and liabilities of EADS T&S for about $53 million in cash plus a net working capital adjustment. The agreement is expected to close in February.
EADS T&S provides engineered automatic test systems (ATS), subsystems and instruments for the defense, commercial aerospace, semiconductor, and consumer electronics industries. On closing EADS T&S will be reported to the Astronics Test Systems segment.
EADS T&S provides customized testing systems and support services, and designs and manufactures test equipment under the Racal and Talon brands. EADS T&S had 2013 sales of about $70 million. Sales for 2014 for the business are expected to be about $100 million.
EADS T&S has "a skill set which is complementary to our own, and together we will field a stronger team than either entity would do on their own," says Astronics CEO Peter Gundermann.
Astronics expands product lines into avionics databus applications with acquisition of Ballard Technology
Astronics DME to convert taxiway lights at Air Force bases to LED lighting in potential $7.4 million contract
Astronics wins U.S. Navy contract for automatic test equipment, test program sets.