Product category: PC-Compatible Boards and Assemblies
News Release from: Calibre UK
Edited by the Electronicstalk Editorial Team on 22 October 2002
Display specialist buys
into in-flight systems
Calibre UK has acquired a 64% stake in IEC In-Flight Systems
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A new ultra-high-performance TFT-LCD display has been developed for the AWACS aircraft as a joint venture between military supplier Joyce-Loebl and displays manufacturer Calibre (UK)
This new company has purchased the assets, intellectual property rights and ongoing business operations of Langley, UK based IEC International, a world-renowned premium in-flight entertainment equipment manufacturer. Established over 14-years ago, Calibre is highly respected worldwide as a specialist manufacturer of flat panel displays, display electronics, image processing electronics and I2Cbus comms systems.
CEO Tim Brooksbank states: "Calibre's particular emphasis is on high performance video (TV) and multimedia-capable flat panel displays.
When the opportunity arose to diversify into the in-flight entertainment industry we rapidly decided this fitted Calibre's product and market profile perfectly".
The new company will be run by CEO Tim Brooksbank representing Calibre's 64% ownership together with three ex-IEC International senior managers - Chris Nicholls, Peter Smith and Hari Bala - who between them own a 36% share in the new venture.
Further reading
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The majority of the manufacturing operations will move to Calibre's facility in Bradford.
In a strategic move IEC In-Flight Systems will relocate to Farnborough, which is widely recognised as a centre of excellence for aerospace engineering in the UK, where it will concentrate on sales and marketing, product design, system test and customer support operations.
This acquisition also sees a restructuring of senior management at Calibre with Pauline Jarrett being promoted to Managing Director and Tim Brooksbank moving to the position of Group Chief Executive Officer.
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