TransDigm to acquire AmSafe Global Holdings, provider of equipment on commercial transport, military, general aviation aircraft

CLEVELAND , 23 Jan. 2012. TransDigm Group Inc. (NYSE:TDG) is purchasing for roughly $750 million in cash AmSafe Global Holdings Inc., a privately-owned supplier of highly engineered and proprietary safety and restraint equipment used in the global aerospace industry. AmSafe, headquartered in Phoenix, Ariz., realized approximately $260 million in revenue in 2011, roughly 80 percent of which hails from the commercial aerospace and military markets.

CLEVELAND , 23 Jan. 2012. TransDigm Group Inc. (NYSE:TDG) is purchasing for roughly $750 million in cash AmSafe Global Holdings Inc., a privately-owned supplier of highly engineered and proprietary safety and restraint equipment used in the global aerospace industry. AmSafe, headquartered in Phoenix, Ariz., realized approximately $260 million in revenue in 2011, roughly 80 percent of which hails from the commercial aerospace and military markets.

AmSafe is well known for its proprietary aviation passenger seatbelts and airbags, which fly on virtually all the world's airlines with products certified and installed on more than 90 percent of aircraft produced globally. The company’s seatbelt airbag system is installed worldwide on both commercial transport and general aviation aircraft. Below deck, AmSafe manufactures cargo and restraint products.

Less than 10 percent of the company’s revenues are from products sold to the military market, whereas approximately 65 percent of total revenues come from the aftermarket, primarily commercial transport aircraft. Excluding the commercial ground vehicle business, about 85 percent of revenues are from the aftermarket.

"Most of AmSafe's revenues come from highly engineered, proprietary aerospace product with substantial and growing aftermarket content," says W. Nicholas Howley, TransDigm's chairman and chief executive officer. “Its restraints are specified on every Boeing and Airbus commercial transport aircraft model, including the B787, A380, and A350 as well as all major regional airframes.”

The acquisition, which is expected to close before the end of the second quarter of fiscal year 2012, is subject to regulatory approvals and customary closing conditions.

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