Cleveland-based aircraft parts maker TransDigm Group Inc. has completed the acquisition of the Telair Cargo Group of businesses from AAR Corp. for a total purchase price of US$725 million in cash, subject to adjustment. The acquisition was previously announced on 23 February 2015.
Telair produces on-board cargo loading and handling, restraint systems and ULDs for a variety of commercial and military platforms with positions on a wide range of new and existing aircraft.
The business consists of three major operating units, Telair International GmbH, Nordisk Aviation Products and Telair US LLC. Telair revenues are anticipated to be about US$300 million with EBITDA margins approaching 20 per cent for fiscal year ending May 2015.
