Rockwell Collins, which acquired the Michigan-based company in 2000, said a definitive agreement for the transaction has been signed with Swiss-owned Endress+Hauser and the sale was expected to be completed early next year.
"This divestiture is part of an overall strategy to accelerate our focus on growth opportunities in our addressed markets," said Rockwell Collins Chief Executive Officer and President Kelly Ortberg. "Kaiser Optical also benefits by joining an organization that concentrates on the primary industries it serves."
Kaiser Optical's products include Raman sensors and instrumentation, advanced holographic components for spectroscopy, telecommunications, astronomy and ultra-fast sciences, and components for aircraft display systems. Its revenues are reported as part of Rockwell Collins Government Systems avionics business.
Endress+Hauser is involved in production of measurement instrumentation and services for industrial process engineering.
"With the acquisition of Kaiser Optical Systems, we are expanding our range in the field of advanced analytics for liquids, gases and solids," said Endress+Hauser Chief Executive Officer Klaus Endress.
The financial terms of the transaction were not disclosed.