Goodrich Corporation Acquiring Microtecnica

In a move designed to enhance their position in the helicopter market, the Goodrich Corporation announced that it has entered into an agreement to acquire Microtecnica from SSCP Aero Holdings S.C.A. The transaction is subject to final approval by the government.

Goodrich is purchasing Microtecnica for about $462 million. According to the statement from the company, Microtecnica is a leading provider of flight control actuation systems for helicopter, regional and business aircraft, missile actuation, and aircraft thermal and environmental control systems.

Marshall Larsen, Goodrich chairman, president and chief executive officer said, “This acquisition supports our business model and fits with our strategy by increasing Goodrich’s exposure to three growth markets; commercial and military helicopters, commercial regional, business and general aviation aircraft and missile actuation.  Microtecnica’s manufacturing capacity and engineering resources are an excellent complement to Goodrich’s flight control actuation business as well as providing support to the environmental and thermal controls market as a capable supplier of components and sub-systems.”

Once final approval is obtained, Goodrich expects the transaction to be completed during the second quarter of this year. Alan Bean, chief executive officer of Microtecnica said, “Microtecnica’s expertise in flight controls and environmental and thermal control systems will be an excellent complement to Goodrich’s leadership position in aerospace and defense.  We are looking forward to combining our capabilities to better serve our customers.”

SOURCE Goodrich Corporation; GR – Actuation and Landing Systems