TransDigm to Acquire EME Holding GmbH

CLEVELAND, March 6, 2014 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG) announced today that it has completed the acquisition of Elektro-Metall Export GmbH (EME or the Company), 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 Incorporated, 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 all TransDigm acquisitions, we see significant value creation opportunities through our proven value creation methodology.”