TransDigm Group Incorporated, has announced that it completed the acquisition of the Actuation Business of Telair International Inc., a wholly-owned subsidiary of Teleflex Incorporated, on December 31 for approximately $94 million in cash. The acquisition was previously announced on November 29, 2010.
The Actuation business, which is located in Simi Valley, California, designs and manufactures highly engineered electro-mechanical actuators for major aircraft, including the Boeing 737, 747, 767 and 777 and F-16 and C-130 military platforms. The Actuation business has expected calendar 2010 revenues of approximately $25 million, with significant aftermarket content.
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