Rockwell Collins (NYSE: COL) today announced it has acquired Newport News, Virginia-based International Communications Group, Inc. (ICG), a leading provider of satellite-based global voice and data communication products and services for the aviation industry. The initial purchase price was $50 million and additional post-closing consideration of up to $14 million may be paid.
"This acquisition broadens our portfolio of information-enabled avionics by adding ICG’s latest generation of Iridium® satcom terminals and smart routers to our existing flight deck and cabin connectivity offerings,” said Kent Statler, executive vice president and chief operating officer, Commercial Systems for Rockwell Collins. “When coupled with our broad array of network solutions, including our ARINC aviation networks and other satellite communication services, it accelerates our vision of being a leader in end-to-end information management solutions for airlines and business jet operators.”
ICG’s products and services will be integrated into Rockwell Collins’ Commercial Systems portfolio. ICG’s CEO Scott Trainum noted, “Bringing ICG into the Rockwell Collins family is the culmination of 20 years of hard work by the dedicated team of professionals at ICG. To be recognized by a company that shares the same commitment to innovation, quality, customer service and employees is a remarkable accomplishment by all of our people.”