CLEVELAND, June 1, 2017 /PRNewswire/ -- TransDigm Group
Incorporated (NYSE: TDG) announced today that it has recently
acquired three add-on aerospace product lines for a total purchase
price of approximately $100M. The
product lines have combined revenues of approximately $32M. TransDigm has financed the acquisitions
through existing 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."
About TransDigm
TransDigm Group Incorporated, through its wholly-owned
subsidiaries, is a leading 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, substantially all of which are ultimately provided to
end-users in the aerospace industry, 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.
Forward-Looking Statements
Statements in this press release that are not historical facts
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995.Words such as "believe,"
"may," "will," "should," "expect," "intend," "plan," "predict,"
"anticipate," "estimate," or "continue" and other words and terms
of similar meaning may identify forward-looking statements.
All forward-looking statements involve risks and uncertainties
which could affect TransDigm's actual results and could cause its
actual results to differ materially from those expressed or implied
in any forward-looking statements made by, or on behalf of,
TransDigm. These risks and uncertainties include but are not
limited to failure to complete or successfully integrate the
acquisition; that the acquired business does not perform in
accordance with our expectations; and other factors. Further
information regarding important factors that could cause actual
results to differ materially from projected results can be found in
TransDigm's Annual Report on Form 10-K and other reports that
TransDigm or its subsidiaries have filed with the Securities and
Exchange Commission. Except as required by law, TransDigm
undertakes no obligation to revise or update the forward-looking
statements contained in this press release.
Contact:
Liza Sabol
Investor Relations
(216) 706-2945
ir@transdigm.com
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SOURCE TransDigm Group Incorporated