US-based aerospace component manufacturer TransDigm has announced that it will buy Breeze-Eastern for around $206m.
TransDigm, which is involved in designing, manufacturing and supplying engineered aircraft components, expects to perform the transaction through one of its subsidiary.
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The deal is subject to regulatory conditions, but is not subject to any financing conditions.
Breeze-Eastern is said to have a wide customer-base, which includes Sikorsky, Boeing, AgustaWestland, Airbus and the Government of US.
The company offers services to platforms such as UH-60 Blackhawk, CH-47 Chinook, Airbus A400M transport, HH-65 Dolphin and AW-139 series helicopter.
TransDigm chairman and chief executive officer W. Nicholas Howley said: "Breeze-Eastern pioneered the technology for helicopter rescue hoists and cargo winches and subsequently became a leading global designer and manufacturer of highly engineered, proprietary rescue hoists, winches and cargo hooks, as well as weapons-handling systems equipment, which currently can be found on all types of military and civilian aircraft.
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By GlobalData"About 75% of Breeze-Eastern’s total revenue is derived from military markets and 70% from aftermarket products, with the vast majority being from proprietary products."
For the last couple of months, TransDigm has announced a slew of acquisitions which includes acquisition of Pexco’s Aerospace Business, Franke Aquarotter’s aerospace unit and Telair Cargo.
Last March, TransDigm bought Telair Cargo for around $725m.
Next month, it will acquire the aerospace business of Franke Aquarotter for around $75m.
The company announced that it had acquired the aerospace business unit of Pexco for around $496m. Pexco is a subsidiary of America’s Odyssey Investment Partners.
