Athena Technologies, Inc., a privately held controls-technology company, has agreed to be acquired by Rockwell Collins, Inc. Athena Technologies is a premier developer and producer of navigation and control systems.
About Athena Technologies
Founded in 1998, the company produces the GuideStar(R) family of versatile, compact and cost-effective flight control systems for applications in the Unmanned Aerial Vehicle (UAV) and commercial aircraft market segments. The GuideStar platform provides controls systems to improve operational efficiency, energy management and safety for UAVs, and manned aircraft. Other applications include the control of automobile sensor systems, carburetor controls in small and large internal combustion engines, and energy management systems for renewable energy systems. The company is an independent, privately held firm with headquarters in Northern Virginia.
About Global Environment Fund Group
Global Environment Fund (GEF) Group, a private equity investment firm located in Chevy Chase, Md., is the primary outside investor in Athena, holding approximately 37% of the fully diluted shares of the company. GEF manages approximately $1 billion in capital commitments with a primary focus on companies worldwide whose products and services address critical energy and environmental technology demands.
The transaction is expected to be completed in about 30 days and is subject to regulatory approvals.