Exclusive: EU set to clear $6.4 billion Rockwell, B/E Aerospace deal - sources

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Reuters BRUSSELS
Last Updated : Apr 06 2017 | 12:07 AM IST

BRUSSELS (Reuters) - EU antitrust regulators are set to approve without conditions U.S. aircraft component maker Rockwell Collins' $6.4 billion bid for aircraft interior maker B/E Aerospace , two people familiar with the matter said on Wednesday.

The deal will boost Rockwell Collins' exposure to a record pipeline of commercial aerospace equipment purchases and expand its relatively modest presence in lucrative aftermarkets.

The companies have little product overlaps, with Rockwell active in avionics and flight control systems while B/E Aerospace is a major supplier of aircraft seats, galleys, lighting and lavatories.

(Reporting by Foo Yun Chee; Editing by Susan Fenton)

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First Published: Apr 05 2017 | 11:55 PM IST

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