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Dec 17th, 2011
Infra-red company L-3 buying Kollmorgen Electro-Optical for $210M
L-3 Communications announced it is broadening its base in the electro-optical/infrared (EO/IR) market by acquiring the Kollmorgen Electro-Optical unit of Danaher Corp. for $210 million in cash.
Northampton, Mass.-based Kollmorgen Electro-Optical (KEO) develops and manufactures specialized equipment, including submarine photonics systems and periscopes, ship fire control systems, visual landing aids, and ground electro-optical and sensor-cueing systems, primarily for the US military and its contractors and allies. It employs about 550 people between its facilities in Massachusetts and Bologna, Italy.
KEO will become part of L-3's Integrated Sensor Systems organization. The Integrated Sensor Systems sector currently includes L-3's existing EO/IR businesses addressing the air, ground and maritime markets and is reported in L-3's Electronic Systems segment.
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