TransDigm Group acquires SCHROTH Safety Products (Takata aerospace business)
Snapshot
TransDigm Group acquired SCHROTH Safety Products (Takata aerospace business) for approximately $90 million in cash in February 2017. The transaction was structured as all cash. SCHROTH Safety Products (Takata aerospace business) is a Arnsberg, Germany; Pompano Beach and Orlando, Florida-based Airframe business.
- Acquirer
- TransDigm Group
- Target
- SCHROTH Safety Products (Takata aerospace business)
- Value
- approximately $90 million in cash
- Date
- February 2017
- Type
- full acquisition / carve-out
- Status
- ready
The deal at a glance
About this deal
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.
Proprietary safety systems with about 40% aftermarket on major Airbus/Boeing platforms
No advisory firms have been disclosed for this transaction.