1 July 2014
Triumph Group, Inc. (NYSE: TGI) said it has completed the acquisition of the hydraulic actuation business of GE Aviation.
The acquired business will operate as Triumph Actuation Systems-Yakima and Triumph Actuation Systems- UK and IOM. The business is expected to add approximately USD180m in annual revenue and to be immediately accretive to earnings. The purchase price was approximately USD70m.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. Its website is at www.triumphgroup.com.