L-3 Communications (NYSE: LLL) announced today that it completed the acquisition of the Kollmorgen Electro-Optical unit of Danaher Corporation on February 6, 2012. The acquired business will conduct business under the name of L-3 KEO. The company paid $210 million, subject to certain contractual adjustments to the purchase price. L-3 KEO develops and manufactures specialized equipment, including submarine photonics systems and periscopes, ship fire control systems, visual landing aids, ground electro-optical and sensor-cueing systems and is headquartered in Northampton, Mass.
Source: L-3 Communications Holdings Inc. (NYSE: LLL)
Date: Feb 8, 2012