TransDigm Group Inc. (TDG) , which designs, produces, and supplies engineered aerospace components for commercial and military aircraft customers, Wednesday said it is acquiring Arkwin Industries, Inc. for $286 million in cash. The deal, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the third quarter of fiscal 2013.
Arkwin Industries manufactures proprietary, highly engineered aerospace hydraulic and fuel system components for commercial and military aircraft, helicopters and other specialty applications.
Nicholas Howley, Chairman and CEO of TransDigm Group said, "The highly engineered products will allow us to expand our content on a number of substantial platforms and engine applications. Arkwin fits well with our consistent product and acquisition strategy. As with all TransDigm acquisitions, we see opportunities for significant value creation."
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