Rockwell Collins (COL) announced it has successfully completed the acquisition of B/E Aerospace (BEAV), a manufacturer of aircraft cabin interior products and services, for $8.6 billion in total consideration, including debt assumed.

Rockwell Collins now has nearly 30,000 employees and pro forma annual revenue in excess of $8 billion based on calendar year 2016 results. Effective immediately, B/E Aerospace is rebranded Rockwell Collins.

Werner Lieberherr, former B/E Aerospace president and CEO, now becomes EVP and COO of Rockwell Collins’ newly created Interior Systems business. He reports to Kelly Ortberg, chairman, president and CEO of Rockwell Collins. The transaction is expected to generate run-rate pre-tax cost synergies of approximately $160 million. The company expects to achieve 90 percent of the cost synergies by the end of its fiscal year 2019.

The transaction is expected to be double-digit accretive to GAAP earnings per share in fiscal year 2018.