Cabin-management and entertainment system specialist IEC International has been acquired in a management buyout led by sales and marketing v-p Chris Nicholls. The UK company will now trade as IEC In-flight Systems and will focus largely on the business-aviation sector, while also remaining in the airline market. IEC intends to move its headquarters from Langley, near London Heathrow Airport, to Farnborough Airport. It also has a repair and overhaul operation in Dallas, where it will retain a North American sales and installation engineering base. The buyout has been backed by liquid-crystal display specialist Calibre UK.
News Note: IEC International acquired in buyout
- May 9, 2008, 5:13 AM