Monday, January 3, 2011
Teleflex Sells Simi-based Actuation Businesss
The Simi Valley-based Actuation business unit of Telair International Inc, which is owned by Teleflex Incorporated, has been acquired by TransDigm Group Incorporated. According to TransDigm, the business, which supplies highly engineered electro-mechanical actuators for major aircraft, was acquired for approximately $94M in cash. TransDigm said the Actuation business of Telair had revenues of approximately $25M, and supplied products for the Boeing 737, 747, 767 and 777 and F-16 and C-130.