Avidyne and Ryan International today announced the completion of a merger that folds Ryan's traffic-surveillance products into the Avidyne line. Under terms of the deal, Ryan's 35 employees in Columbus, Ohio, are now Avidyne employees and the division there becomes known as the Avidyne Safety Systems Group. Ryan founder and CEO Paul Ryan, 71, will serve for an undisclosed period of time as a consultant. Financial terms were not disclosed. An Avidyne spokesman said former Ryan products will be marketed under the Avidyne name, but they retain Ryan nomenclature. For example, the Ryan 9900BX traffic advisory system (TAS) now becomes the Avidyne 9900BX TAS with Ryan Active Surveillance Technology. Based in Lincoln, Mass., Avidyne makes Entegra integrated cockpits and FightMax multifunction displays. The privately held company has additional technology research groups in Melbourne, Fla., and Boulder, Colo.
Avidyne and Ryan Announce Merger
- February 7, 2007, 10:09 AM