Summary
TransDigm Group Incorporated announced on November 29, 2010, that it has entered into a definitive agreement to acquire the Actuation Business of Telair International Inc., a subsidiary of Teleflex Incorporated. This acquisition, valued at approximately $94 million in cash, is expected to close by December 31, 2010, subject to regulatory approval, including Hart-Scott-Rodino clearance. The Actuation Business specializes in proprietary, highly engineered electro-mechanical products and components for both commercial and military aircraft. This strategic move by TransDigm signals its continued focus on expanding its portfolio of specialized aerospace products, likely aiming to leverage synergies and enhance its market position within the defense and commercial aviation sectors.
Key Highlights
- 1Definitive agreement signed to acquire Telair International's Actuation Business for approximately $94 million in cash.
- 2Acquisition target, Actuation Business, manufactures proprietary electro-mechanical products and components for commercial and military aircraft.
- 3Transaction is subject to customary closing conditions, including Hart-Scott-Rodino approval.
- 4Expected closing date for the acquisition is December 31, 2010.
- 5The acquisition is a key strategic move for TransDigm, indicating continued growth and consolidation in the aerospace components market.