TransDigm Group Inc.’s [TDG] Belgium-based Technical Airborne Components (TAC) business unit on Tuesday said it has agreed to be acquired by the private equity firm Searchlight Capital Partners
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Terms of the deal were not disclosed.
TAC, which has about 170 employees, manufactures rods and struts for commercial aircraft, regional and business jets, helicopters, military aircraft and rockets. Some of the company’s customers include Airbus Group, Leonardo, Dassault, Eurofighter, Embraer and Arianespace.
“We are delighted to be partnering with TAC and its management team and look forward to drawing upon our industry and operational expertise as well as our transatlantic presence to accelerate its growth,” Ralf Ackermann, partner at Searchlight, said in a statement. “This investment further demonstrates our belief in the long-term recovery of the aerospace sector.”