Triumph Group plans to purchase Vought Aircraft Industries from The Carlyle Group for cash and stock consideration of $1.44bn.
Texas-based Vought manufactures aerostructures for commercial, military and business jet aircraft including fuselages, wings, empennages, nacelles and helicopter cabins.
The acquired business will be named Triumph Aerostructures – Vought Aircraft Division and the deal includes the retirement of Vought’s debt.
Triumph’s chairman and CEO Richard C Ill said that this was an important acquisition for Triumph as it would advance its technical capabilities and enhance its ability to offer aerostructure systems solutions.
“The integration of Vought with Triumph will create a leading tier one-capable supplier with strong positions in commercial and military platforms,” he said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
