TransDigm completes Telair acquisition

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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Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.