TransDigm Group acquired SCHROTH Safety Products (Takata aerospace business) for approximately $90 million in cash, a transaction completed in February 2017, structured as all cash.
SCHROTH Safety Products (Takata aerospace business) operates in Airframe, is based in Arnsberg, Germany; Pompano Beach and Orlando, Florida, had revenue of about approximately $43 million (FY ending March 31, 2017). Stock of SCHROTH Safety Products GmbH plus certain aviation/defense assets of Takata Corporation (incl. Takata Protection Systems Inc.), going forward known as SCHROTH. Designs/manufactures proprietary advanced safety systems for aviation, racing and military ground vehicles: technical restraints, passenger belts, structural monument airbags and cockpit security components on Airbus/Boeing platforms (incl. 787, A350, A380). About $43M FY revenue; about 260 employees; sites in Arnsberg, Germany and Pompano Beach/Orlando, Florida. About 40% aftermarket; about 80% aerospace and defense.
SCHROTH's proprietary, highly engineered advanced safety systems, with significant and growing aftermarket content on attractive high-use platforms, fit well with TransDigm's consistent product and acquisition strategy.
Proprietary safety systems with about 40% aftermarket on major Airbus/Boeing platforms
SCHROTH has built a solid reputation based on technical expertise and product excellence. The company has significant and growing aftermarket on attractive high use platforms.W. Nicholas Howley, Chairman and CEO, TransDigm Group
Advisory firms were not disclosed for this transaction.