Aerospace Group:

Esterline To Acquire Barco’s Displays Business For $200 Million

Thursday, October 16th, 2014

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Esterline Corp. [ESL] on Sept. 29 said it has agreed to acquire the aerospace and defense display business of Belgium’s Barco N.V. for about $200 million, expanding its global business and its display capability. Esterline expects the deal to be modestly accretive in its fiscal year 2015 and “significantly more so over time.” The company also said the deal, which will be funded by international cash reserves, is expected to close in December or January pending regulatory approval by the…

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