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Imaging Acquisition

Photonics Spectra
Mar 2011
Global defense and security company BAE Systems of Arlington, Va., has entered into a definitive agreement to acquire Fairchild Imaging Inc. of Milpitas, Calif., a privately held company that manufactures solid-state electronic imaging components, cameras and systems for aerospace, industrial, medical and scientific applications. BAE Systems currently owns 8.7 percent of the equity of Fairchild Imaging. Upon completion of the acquisition, for a cash consideration of approximately $86 million, it will acquire the remaining outstanding equity in the company. The acquisition will help BAE Systems grow its electronic systems business and will complement existing electroimaging capabilities, technologies and product offerings.


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