BAE Systems Inc.
Global defense and security company BAE Systems Inc. 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 medical, scientific and other imaging applications.
BAE Systems currently owns 8.7 percent of Fairchild Imaging’s equity, and
for a cash consideration of ~86 million, will acquire the remainder. The acquisition
will help BAE Systems grow its electronic systems business and will complement existing
electroimaging capabilities, technologies and product offerings. The transaction,
expected to close in the first half of 2011, is conditional upon receiving certain
regulatory approvals.
/Buyers_Guide/BAE_Systems_Sensor_Solutions/c4712