CEDAR RAPIDS, Iowa, 23 Nov. 2013. Rockwell Collins Inc. (NYSE:COL) sold subsidiary Kaiser Optical Systems Inc.—a provider of spectrographic instrumentation and applied holographic technology with operations in Ann Arbor, Michigan and Lyon, France—to Endress+Hauser (International) Holding AG.
Terms of the agreement have not been disclosed.
"This divestiture is part of an overall strategy to accelerate our focus on growth opportunities in our addressed markets,” says 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, Mich., 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,” explains 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 one percent of the company's total revenue.
Endress+Hauser is a provider of measurement instrumentation, services, and solutions such as 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 euros in 2012.