Washington, DC and Annapolis, MD—Global private equity firm The Carlyle Group announced today that it has reached a definitive agreement to acquire ARINC Incorporated from its current shareholders, including several prominent commercial airlines. The transaction is expected to close in the third quarter of 2007 subject to regulatory approval and other customary closing conditions. Financial details were not disclosed. ARINC is a global provider of transportation communications and systems engineering. The company develops and operates communications and information processing systems and provides systems engineering and integration solutions to five key industries: airports, aviation, defense, government, and surface transportation. Headquartered in Annapolis, Maryland, ARINC has approximately 3300 employees in 100 offices worldwide, generating annual revenues in excess of $900 million.
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