SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2017
TransDigm Group Incorporated
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-32833
(Commission File Number)
41-2101738
(IRS Employer Identification No.)
1301 East 9th Street, Suite 3000, Cleveland, Ohio | 44114 | |
(Address of principal executive offices) | (Zip Code) | |
(216) 706-2960
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants’ under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD Disclosure |
On June 1, 2017, TransDigm Group Incorporated (NYSE: TDG) announced that it has recently acquired three add-on aerospace product lines for a total purchase price of approximately $100 million. The product lines have combined revenues of approximately $32 million. TransDigm Group has financed the acquisitions through existing cash on hand. All three product lines consist primarily of proprietary, sole source products with significant aftermarket content. The three product lines will be consolidated into existing TransDigm Group businesses. The products include highly engineered aerospace controls, quick disconnect couplings, and communication electronics.
A copy of the June 1, 2017 press release announcing the acquisition is attached to this Current Report as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
The following exhibit is being filed with this Current Report on Form 8-K:
99.1 | Press Release issued June 1, 2017. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRANSDIGM GROUP INCORPORATED | ||
By | /s/ Terrance Paradie | |
Terrance Paradie | ||
Executive Vice President and Chief Financial Officer | ||
Date: June 1, 2017
Exhibit Index
Exhibit No. | Description | ||||
99.1 | Press Release of TransDigm Group Incorporated, dated June 1, 2017. | ||||
Exhibit 99.1
TransDigm Acquires Three Add-On Aerospace Product Lines
CLEVELAND, June 1, 2017 /PRNewswire/ -- TransDigm Group Incorporated (NYSE: TDG) announced today that it has recently acquired three add-on aerospace product lines for a total purchase price of approximately $100M. The product lines have combined revenues of approximately $32M. TransDigm has financed the acquisitions through existing cash on hand.
All three product lines consist primarily of proprietary, sole source products with significant aftermarket content. The three product lines will be consolidated into existing TransDigm businesses. The products include highly engineered aerospace controls, quick disconnect couplings, and communication electronics.
W. Nicholas Howley, Chairman and CEO of TransDigm, stated, “Each of these acquisitions contain proprietary products with established positions on high use platforms, strong aftermarket content and an outstanding reputation. The highly engineered products will allow us to expand our content on a number of substantial commercial and defense aerospace platforms. All of the product lines fit well with our consistent product and acquisition strategy. As with all TransDigm acquisitions, we see opportunities for significant value creation.”
About TransDigm
TransDigm Group Incorporated, 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. 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, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Words such as "believe," "may," "will," "should," "expect," "intend," "plan," "predict," "anticipate," "estimate," or "continue" and other words and terms of similar meaning may identify forward-looking statements.
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 or implied in any forward-looking statements made by, or on behalf of, TransDigm. These risks and uncertainties include but are not limited to failure to complete or successfully integrate the acquisition; that the acquired business does not perform in accordance with our expectations; and other factors. Further information regarding important factors that could cause actual results to differ materially from projected results can be found in TransDigm's Annual Report on Form 10-K and other reports that TransDigm or its subsidiaries have filed with the Securities and Exchange Commission. Except as required by law, TransDigm undertakes no obligation to revise or update the forward-looking statements contained in this press release.
Contact: Liza Sabol
Investor Relations
(216) 706-2945
ir@transdigm.com
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