TransDigm completes Telair acquisition
27 / 03 / 2015
Aerospace components firm TransDigm Group has completed the acquisition of the Telair Cargo Group of businesses, owners of the Nordisk airfreight container manufacturing company. The $725m purchase from AAR Corp was financed by TransDigm through a combination of existing cash in hand and via an existing $75m revolving credit facility. The acquisition was previously announced in February. The business consists of three major operating units, Telair International, Nordisk Aviation Products and Telair US. Telair produces on-board cargo loading and handling, restraint systems and unit load devices (ULDs). Telair revenues are anticipated to be about $300m per annum.
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