Nordisk parent sold to TransDigm

Aerospace components firm TransDigm Group has reached agreement to buy the Telair Cargo Group of businesses, owners of the Nordisk airfreight container manufacturing company.
US-based TransDigm will pay around $725m in cash for Telair, which it describes as “a global leader in on-board cargo loading and handling, restraint systems and unit load devices.”
Over 80 per cent of Telair’s $300m revenues are from commercial aerospace and the balance from the military market.
The business consists of three major operating units, Telair International (Telair Europe), Nordisk Aviation Products and AAR Cargo Systems and employs just over 600 employees worldwide.
Telair Europe is the largest operating unit. Headquartered in Miesbach, Germany, it designs, manufactures and supports on-board baggage and cargo loading and handling systems for wide-body and narrow-body aircraft worldwide.
Nordisk, headquartered in Holmestrand, Norway, designs and manufacturers lower and main deck containers, pallets and platforms.
Telair US, headquartered in Goldsboro, North Carolina, also designs and manufactures in-aircraft cargo loading systems.
The acquisition, which is expected to close within the next 60 days, is subject to regulatory approval.
Did you find this article of interest, if so why not register for a FREE digital subscription to Air Cargo News? – Find out more

Share this story

Related Topics

Latest americas news

Trump presidency could curb e-commerce air cargo

A crackdown on e-commerce shipments could see the air cargo industry lose valuable volumes in the dawn of a new…

Read More

Share this story

Freight forwarders face complex challenges

As we close out 2024, it’s clear that freight forwarding in the US is navigating a complex web of challenges…

Read More

Share this story

Strike ends as machinists approve new contract with Boeing

Members of the International Association of Machinists (IAM) have ratified a four-year contract with Boeing, ending a 53-day strike that…

Read More

Share this story

Air Cargo News

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.