Summary
TransDigm Group Incorporated (TDG) announced on June 21, 2013, a significant strategic acquisition through a definitive agreement to purchase the assets of GE Aviation's Electromechanical Actuation Division for approximately $150 million in cash. This business specializes in proprietary, highly engineered aerospace electromechanical motion control subsystems for both civil and military sectors, including control electronics, motors, and actuators. This acquisition is expected to close by the end of fiscal Q3 2013, subject to regulatory approvals and customary closing conditions. The acquired business will operate under TransDigm through a newly formed entity, Whippany Actuation Systems, LLC. This move appears to be an effort to expand TransDigm's product portfolio and market presence within the aerospace industry, particularly in actuation technologies.
Key Highlights
- 1TransDigm Group Inc. entered into a definitive agreement to acquire GE Aviation's Electromechanical Actuation Division.
- 2The acquisition price is approximately $150 million in cash.
- 3The acquired business manufactures proprietary, highly engineered aerospace electromechanical motion control subsystems.
- 4Products include control electronics, motors, high power mechanical transmissions, and actuators for civil and military applications.
- 5The transaction is expected to close around the end of fiscal Q3 2013.
- 6The acquired business will be operated as a new entity, Whippany Actuation Systems, LLC.
- 7The acquisition is subject to regulatory approvals and customary closing conditions.