ICG Inc. Purchased for $50 Million
Rockwell Collins has announced another acquisition with the purchase of International Communications Group Inc. in a $50 million deal, which may rise by an additional $14 million after the deal is completed.
ICG Inc., based in Virginia, provides the aviation industry with global satellite voice and data communications products and services. Once the deal is finalised, Rockwell Collins will integrate ICG’s portfolio into its growing information management business, particularly with the latest generation of Iridium smart routers and satellite communications terminals.
CEO of ICG Inc., Mr Scott Trainum said of the acquisition, “Bringing ICG into the Rockwell Collins family is the culmination of 20 years of hard work by the dedicated team of professionals at ICG. [This is] a remarkable accomplishment by all of our people.”