Fri, Mar 16, 2007
CMC Will Operate As Stand-Alone Operation
CMC Electronics Inc. told ANN this week aerospace contractor
Esterline Corporation of Bellevue, WA has completed the acquisition
of the Canadian avionics manufacturer.
Esterline specializes in three core areas: avionics &
controls; sensors & systems; and advanced materials. With the
acquisition of CMC, Esterline now employs more than 9,000
employees, and operates 35 units in 11 states in the US, plus
Canada, France, Germany, the UK and China.
"The transaction significantly expands the scale of Esterline's
existing avionics & controls business by adding a premier
systems integrator of high technology avionics," said Esterline CEO
Robert W. Cremin. "CMC is a natural evolution following Esterline's
successful performance as a Tier 1 supplier to Boeing for the 787
cockpit overhead panel system."
Cremin added, "CMC will continue to run as a stand-alone
operation reporting through Esterline's avionics & controls
segment. CMC brings us an experienced and proven management team
and a strong engineering and technology base."
Jean-Pierre Mortreux, president and CEO, CMC Electronics, said:
"We are very pleased with the conclusion of this transaction. Being
part of the Esterline family will allow CMC to pursue its long-term
strategy and provide additional opportunities for growth."
CMC Electronics designs, produces and supports leading
technology electronics products, including flight management
systems, enhanced vision systems, electronic flight bags, global
positioning system receivers and satcom antennas for the aviation
and global positioning markets.
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