TransDigm Group Incorporated announced that it has acquired the stock of Acme Aerospace from a subsidiary of Actuant Corporation, for approximately $40 million in cash. Acme supplies proprietary, highly engineered components to the commercial aerospace industry. Acme has annual revenues of approximately $18 million and employs approximately 90 people in its Tempe, Arizona facility.
Acme produces fibrous nickel cadmium (FNC) main ship batteries, battery chargers, battery back-up systems and power conversion equipment. The majority of the company’s revenues are attributable to the Boeing 777 program. Other platforms include a range of Boeing aircraft such as the B737, B747, B757, B767 and MD 90, the Apache helicopter, C-17, F-18 as well as certain regional and business jets. Over 80% of Acme’s sales are to commercial customers and approximately 60% of total sales come from the aftermarket.
