Rockwell Collins completes purchase of Utah company
(Gazette, The (Cedar Rapids, IA) (KRT) Via Thomson Dialog NewsEdge) May 31--CEDAR RAPIDS -- Rockwell Collins on Tuesday announced that it has completed its acquisition of a Utah company.
Evans & Sutherland is a leading provider of visual simulation solutions for military and commercial customers. Under the terms of a previously announced agreement, Rockwell Collins purchased the Utah company's military and commercial simulation assets and certain liabilities, including simulation facilities in Salt Lake City, Orlando, Fla., and the United Kingdom.
The $71.5 million deal was a cash transaction. About 200 former Evans & Sutherland employees have joined Cedar Rapids-based Rockwell Collins.
Tony Syme, vice president of simulation and training solutions for Rockwell Collins, said the company is pleased to have acquired Evans & Sutherland's simulation business.
"The highly realistic images provided by their hardware and software offerings, as well as the knowledge and expertise of these employees, will further broaden and enhance Rockwell Collins' simulation and training offerings," Syme said.
With the acquisition, Rockwell Collins will be able to offer complete simulation and training solutions for military and commercial applications throughout the world, including the hardware and software to create highly realistic visual images for simulation, training, engineering, and other applications.
Rockwell Collins is one of the world's leading producers of cockpit avionics, sophisticated surveillance and navigation systems and in-flight entertainment products.
Evans & Sutherland was founded in 1968 by two University of Utah professors.
The company will grant Rockwell Collins exclusive rights to its newly developed laser projector for simulation markets. The company has retained ownership of its planetarium and laser projector businesses.
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