TransDigm to acquire EME Holding GmbH

Cleveland, Ohio – TransDigm Group Inc. management has announced that it has completed the acquisition of Elektro-Metall Export GmbH (EME), for approximately $47.4 million, made up of $40.3 million in cash plus the assumption of approximately $7.1 million of net indebtedness.

 

EME, headquartered in Ingolstadt, Germany, manufactures proprietary, highly engineered aerospace electromechanical actuators, electrical, and electromechanical components and assemblies primarily for commercial aircraft, helicopters, and other specialty applications. The major commercial end-use platforms include the Airbus A320, A330, A340, A350, A380, the Pilatus PC-12, and the Eurocopter EC135/145. Military revenues make up about 20% of the revenues. The major military end-use platforms include the Airbus A400M, Eurofighter, and the NH90. EME had calendar year 2013 revenues of approximately $40 million. Aftermarket accounts for approximately one-third of the revenues and over 80% of the revenues come from proprietary and sole source products.

 

W. Nicholas Howley, chairman and CEO of TransDigm Group, stated, "EME is a long standing European manufacturer of proprietary products with established positions on every Airbus commercial transport platform, strong and growing aftermarket content, and a great reputation. The highly engineered products will allow us to expand our content on a number of substantial platforms. EME will be the fourth TransDigm operating unit in Western Europe and as with allTransDigm acquisitions, we see significant value creation opportunities through our proven value creation methodology."

 

Source: TransDigm Group Inc.