CLEVELAND, Aug. 7, 2019 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, announced today that it has entered into a definitive agreement to sell its Esterline Interface Technologies (EIT) group of businesses to an affiliate of KPS Capital Partners, LP for approximately $190 million.
These risks and uncertainties include, but are not limited to, TransDigm's ability to successfully complete the sale of EIT. We have identified some of these forward-looking statements with words like “believe,” “may,” “will,” “should,” “expect,” “intend,” “plan,” predict,” “anticipate,” “estimate” or “continue” and other words and terms of similar meaning. IndustryPRwire is a Market Research Press Release Service helping small, medium and large sized enterprises in optimizing their online marketing strategies.TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. The Cleveland-based aircraft components maker said it closed the divestiture of the Esterline Interface Technologies group of businesses to an affiliate of KPS Capital Partners LP for about $190 million. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, databus and power controls, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seat belts and safety restraints, engineered interior surfaces and related components, advanced sensor products, switches and relay panels, advanced displays, thermal protection and insulation, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.The divestiture, which is subject to regulatory approvals and customary closing conditions, is expected to be completed during the first quarter of our fiscal 2020. A day after reporting earnings, TransDigm (TDG +2%) entered into a definitive agreement to sell its Esterline Interface Technologies group of businesses to an affiliate of KPS …
Following that March 2019 deal, TransDigm announced a $190 million sale of the Esterline Interface Technologies (EIT) group to an affiliate of KPS Capital Partners LP in … All forward-looking statements involve risks and uncertainties which could affect TransDigm’s actual results and could cause its actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of TransDigm. TransDigm also said the previously announced divestiture of the Souriau-Sunbank Connection Technologies business to Eaton Corp. is on track to close before the end of the year. Aktien » Nachrichten » TRANSDIGM AKTIE » TransDigm Group Plans to Divest Esterline Interface Technologies Group of Businesses to an Affiliate of KPS Capital Partners, LP Statements in this press release which are not historic facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. These risks and uncertainties include, but are not limited to, TransDigm’s ability to successfully complete the sale of EIT. We have identified some of these forward-looking statements with words like "believe," "may," "will," "should," "expect," "intend," "plan," predict," "anticipate," "estimate" or "continue" and other words and terms of similar meaning. All forward-looking statements involve risks and uncertainties which could affect TransDigm's actual results and could cause its actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of TransDigm. Paul, Weiss is representing an affiliate of KPS Capital Partners, LP in its $190 million acquisition of the Esterline Interface Technologies (EIT) group of businesses from TransDigm Group Incorporated.
The transaction closed on September 20, 2019. After earnings, TransDigm announced a smaller, $190 million divestiture of Esterline Interface Technologies to KPS Capital. All statements other than statements of historical fact that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements, including, in particular, statements about the sale of EIT. All statements other than statements of historical fact that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements, including, in particular, statements about the sale of EIT.