TransDigm acquires three add-on aerospace product lines

Cleveland, Ohio-based TransDigm Group Inc. has recently acquired three add-on aerospace product lines for a total purchase price of approximately $100 million. The product lines have combined revenues of approximately $32 million. TransDigm financed the acquisitions through cash on hand.

All three product lines consist primarily of proprietary, sole-source products with significant aftermarket content. The three product lines will be consolidated into existing TransDigm businesses. The products include highly engineered aerospace controls, quick disconnect couplings, and communication electronics.

W. Nicholas Howley, chairman and CEO of TransDigm, stated, "Each of these acquisitions contain proprietary products with established positions on high-use platforms, strong aftermarket content, and an outstanding reputation. The highly engineered products will allow us to expand our content on a number of substantial commercial and defense aerospace platforms. All of the product lines fit well with our consistent product and acquisition strategy. As with all TransDigm acquisitions, we see opportunities for significant value creation."

TransDigm Group, through its wholly-owned subsidiaries, is a global designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.