Summary
TransDigm Group Incorporated (TDG) announced on May 15, 2013, that it has entered into a definitive agreement to acquire Arkwin Industries, Inc. for approximately $286 million in cash. This strategic acquisition is expected to close in the third quarter of fiscal year 2013, subject to customary closing conditions and regulatory approvals. Arkwin Industries specializes in manufacturing proprietary, highly engineered aerospace hydraulic and fuel system components. Its products serve both commercial and military aircraft, as well as helicopters and other specialty applications. The acquisition of Arkwin is expected to further strengthen TransDigm's position in the aerospace components market, particularly in critical systems where proprietary content and aftermarket support are key drivers.
Key Highlights
- 1TransDigm Group Inc. to acquire Arkwin Industries, Inc.
- 2Acquisition price is approximately $286 million in cash.
- 3The deal is expected to close in the third quarter of fiscal year 2013.
- 4Arkwin manufactures proprietary aerospace hydraulic and fuel system components.
- 5Arkwin serves both commercial and military aircraft, helicopters, and specialty applications.
- 6The acquisition is subject to regulatory approvals and customary closing conditions.