TransDigm Acquires Electromechanical Actuation Division from GE Aviation

CLEVELAND, July 1, 2013 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG) announced today that it acquired the assets of GE Aviation’s Electromechanical Actuation Division for approximately $150 million in cash on June 28, 2013.

The business, which will be conducted by TransDigm through a new entity, Whippany Actuation Systems, LLC (Whippany), located in Whippany, New Jersey, manufactures proprietary, highly engineered aerospace electromechanical motion control subsystems for civil and military applications. Product offerings include control electronics, motors, high power mechanical transmissions and actuators. Whippany’s revenues are estimated to be approximately $80 million.