TransDigm Group Inc., a manufacturer of aircraft components, has announced its acquisition of Aviation Technologies Inc. (ATI), a supplier of aerospace products, for about $430 million.
The transaction is expected to be completed within the next 60 days.
ATI, headquartered in Seattle, Wash., has two primary operating units that service the commercial and military aerospace markets – Avtech and ADS/Transicoil.
Avtech makes flight deck and passenger audio systems, cabin lighting, and power control products and related components. ADS/Transicoil manufactures displays, clocks, brushless motors, and related components and instruments.
ATI employs about 600 people in its Seattle and Bellevue, Wash., Collegeville, Pa., and Malaysian operations.
For the calendar year ending December 31, 2006, ATI is forecasted to have about $105 million in revenues and nearly $35 million of EBITDA (earnings before interest, taxes, depreciation and amortization).