18th Jan 2010 07:00
18 January 2010
COBHAM ACQUIRES SAFELIFE SYSTEMS FOR US$0.6M
Cobham plc ('Cobham') is pleased to announce that it has completed the acquisition of the assets of SafeLife Systems ('SafeLife') from PROCON, Inc. for a cash consideration of US$0.6 million.
SafeLife provides a unique subscription service that enables 406MHz emergency beacon owners to verify that their device is functioning properly and to send non-distress text and email messages showing GPS position and location mapping. The business will be integrated into Cobham's Life Support business, part of Cobham's Mission Systems Division, which is a leading manufacturer of emergency beacons.
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Washington Office Julie Sutton +1 703 414 5300 |
Investor Relations Julian Wais +44 (0) 1202 857998 |
About Cobham:
1. Cobham's products and services have been at the heart of sophisticated military and civil systems for more than 75 years, keeping people safe, improving communications, and enhancing the capability of land, sea, air and space platforms. The Company has four divisions employing more than 12,000 people on five continents, with customers and partners in over 100 countries and annual revenue of more than £1.4bn/$2.1 billion.
2. Cobham Life Support is a world leader in life support and personal survival equipment for use under extreme conditions including oxygen systems for aviators and astronauts, crew restraints, flotation gear, emergency beacons and crew and cargo release systems.
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