Barco reaches agreement to sell its Defense & Aerospace division to US-based Esterline
September 29, 2014
Kortrijk, Belgium, 29 September 2014 – Visualization specialist Barco announced today that it has reached an agreement with US-based aerospace and defense group Esterline Corporation (NYSE: ESL) to sell its Defense & Aerospace division. The sale, which covers both shares and assets, is valued at 150 million euro. The transaction is part of Barco’s long-term strategy to streamline its business portfolio and to strengthen its core activities. The transaction is expected to close in the next three to four months.