On July 13, 2018, TransDigm Group Incorporated (NYSE: TDG) completed the acquisition of Skandia Inc. (“Skandia”) from Graycliff Partners LP for a total purchase price of approximately $84 million, including the assumption of debt.

Skandia, headquartered in Davis Junction, Illinois, is a leading provider of highly engineered seating foam, foam fabrication, flammability testing and acoustic solutions for the business jet market. Annual revenues are approximately $26 million, and the company currently employs 70 people. Nearly 85% of revenues are derived from the business jet market with the remainder from commercial aerospace applications. The company’s products are primarily proprietary and sole source with over 50% of revenues derived from aftermarket content. Skandia is on all major business jet platforms, including those of Bombardier, Cessna, Dassault, Embraer and Gulfstream.

A copy of the July 13, 2018 press release announcing the completion of the acquisition of Skandia is attached to this Current Report as Exhibit 99.1.

(d) Exhibits

The following exhibit is being filed with this Current Report on Form 8-K:

TransDigm Group INC Exhibit
EX-99.1 2 ex991-skandiapressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1TransDigm Acquires Skandia Inc. from Graycliff Partners LPCLEVELAND,…
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About TransDigm Group Incorporated (NYSE:TDG)

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies. The Airframe segment includes operations that primarily develop and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls, engineered latching and locking devices, and seat belts and safety restraints.