CEDAR RAPIDS, Iowa - Rockwell Collins, Inc. (NYSE: COL) today announced it completed the acquisition of ARINC Incorporated from The Carlyle Group (NASDAQ:CG) for $1.4 billion. The sale agreement was first announced in August 2013.

Kelly Ortberg, chief executive officer and president of Rockwell Collins, said: "With this move we take a major leap forward to realizing our vision of providing a richer set of seamless information management solutions that encompass the aircraft and ground-based systems.

"The acquisition represents an exciting new growth platform for Rockwell Collins and shifts the balance of the company toward the expanding commercial aviation sector.

"Combining ARINC's high-performance, high-quality and high-assurance networks and services with our information systems onboard the aircraft strengthens our ability to deliver improved efficiency and safety, and enhanced connectivity.

"In addition, the acquisition opens up adjacent market opportunities by leveraging ARINC's strong presence in airport information systems and the broader transportation and security segments."

Ian Fujiyama, carlyle’s managing director who led the transaction, added: “ARINC is a remarkable firm, committed to innovation and superb customer service. Partnering with CEO John Belcher and his team has been a great experience, which has served our fund investors well. We wish ARINC continued success in its new relationship with Rockwell Collins.”

John Belcher ARINC chief executive officer & chairman, added: “ARINC has greatly benefited from our partnership with Carlyle. They worked with us through a transformational period, which has resulted in a stronger and more profitable company."