CHARLOTTE, N.C., May 12, 2011 /PRNewswire/ -- Goodrich Corporation
(NYSE: GR) has completed the acquisition of Microtecnica S.r.l.
Microtecnica is a leading provider of flight control
actuation systems for helicopter, regional and business aircraft,
missile actuation, and aircraft thermal and environmental control
systems. Total cash consideration for the acquisition was
approximately 331 million Euros
($478 million at an exchange rate of
1.44).
Goodrich had announced its intentions to acquire Microtecnica
from Stirling Square Capital Partners on April 1, 2011. Details on the transaction can be
found on the Goodrich press release issued that day; click here to
read in its entirety.
Microtecnica employs approximately 700 people at facilities
located in Turin, Luserna San
Giovanni and Brugherio, Italy and
Bristol, UK. Major customers
include AgustaWestland, Alenia, Hamilton Sundstrand, Avio,
Bombardier and Eurocopter. Microtecnica will become part of
Goodrich's Actuation Systems business, within its Actuation and
Landing Systems segment.
Goodrich Corporation, a Fortune 500 company, is a global
supplier of systems and services to aerospace, defense and homeland
security markets. With one of the most strategically
diversified portfolios of products in the industry, Goodrich serves
a global customer base with significant worldwide manufacturing and
service facilities. For more information visit
http://www.goodrich.com.
Goodrich Corporation operates through its divisions and as a
parent company for its subsidiaries, one or more of which may be
referred to as "Goodrich Corporation" in this press
release.
SOURCE Goodrich Corporation; GR - Actuation and Landing
Systems