PR Newswire/Les Echos/
Thales to Acquire the Helmet Mounted Display and Motion Tracking Businesses
of Gentex Corp.
Arlington, VA - November 5th, 2012 - Thales announced that it has signed a
definitive agreement to acquire the Helmet Mounted Display (HMD) and motion
tracking businesses from Gentex Corporation. Called "Visionix," the combined
group designs, develops and delivers HMD, inertial tracking and sensor fusion
technology for defense and aerospace applications, along with others that
require precision motion tracking, to customers worldwide. Visionix operates
from locations in Aurora, Illinois and Billerica, Massachusetts.
The acquisition of Visionix will give Thales the ability to offer highly
capable HMD technology amidst rigorous budget constraints within the market.
Visionix' motion tracking technology (sold under the brand name "InterSense")
integrated into its Scorpion(TM) Helmet Mounted Cueing System provides an
optimal solution of choice for pilots and integrators that allows for rapid
deployment as well as affordable procurement and life cycle costs.
"This acquisition is a strategic fit that complements Thales' global portfolio
of Helmet Mounted Sight and Display systems for rotary and fixed wing
platforms. We will greatly benefit from these innovative and proven Visionix
product offerings," said Michel Mathieu, head of Thales' Avionics Division.
"This new business dynamic enhances our ability to support warfighters by
providing increased situational awareness in tough environments," said Allan
Cameron, President and CEO of Thales USA. "This acquisition will help us to
achieve our ambition of growth in the US defense market," he added.
Visionix will operate as a subsidiary of Thales Communications, Inc., a Thales
USA company that operates under a proxy agreement with the U.S. Department
of Defense. The business will maintain both of its existing locations with the
current management team remaining in place. The acquisition is conditional
upon receiving certain regulatory approvals.
"Visionix is a global provider and partner of choice for industry leading
situational awareness products. Merging our HMD and motion tracking business
with Thales, a proven leader in the global defense and aerospace markets, will
accelerate our ability to develop more market-defining products that
fundamentally enhance our customers' ability to perform their missions," said
Pete Roney, Gentex Executive Vice President and General Manager of Visionix.
Thales is a global technology leader in the Defense & Security and the
Aerospace & Transport markets. In 2011, the company generated revenues
of $18.3 billion (equivalent of EUR13.1 billion) with 67,000 employeesin 56
countries. With its 22,500 engineers and researchers, Thales has a unique
capability to design, develop and deploy equipment, systems and services
that meet the most complex security requirements. Thales has an exceptional
international footprint, with operations around the world working with
customers as local partners. www.thalesgroup.com
# # #
Head of Media Relations
Vice President, Communications
Thales USA, Inc. Phone: 703-838-5678
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-0- Nov/06/2012 08:18 GMT
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