CLEVELAND, USA: TransDigm Group Inc., a leading global designer, producer and supplier of highly engineered aircraft components, has completed the acquisition of AmSafe Global Holdings Inc. for a total purchase price on a cash free, debt free basis of approximately $750 million in cash from a group controlled by Berkshire Partners LLC and Greenbriar Equity Group LLC.
AmSafe is a leading supplier of innovative, highly engineered and proprietary safety and restraint equipment used primarily in the global aerospace industry. The acquisition was previously announced on January 20, 2012.
AmSafe is best known for its proprietary aviation passenger seatbelts and airbags and had calendar 2011 revenue of about $260 million. The company's products are on virtually all of the world's airlines with products certified and installed on more than 90% of the aircraft produced globally. They are also the first and only company to have a seatbelt airbag system installed worldwide on both commercial transport and general aviation aircraft. Below deck, AmSafe manufactures various cargo and restraint products.
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