Goodrich completes $478M purchase of Microtecnica
Goodrich Corp. said it has completed its $478 million purchase of Italy-based Microtecnica.
The purchase price is $16 million more than what Goodrich said it planned to pay Stirling Square Capital Partners when it announced the deal in April.
Microtecnica provides flight-control systems for helicopters and other aircraft, missile actuation and aircraft thermal and environmental control systems.
Microtecnica employs about 700 people at facilities in Italy and Bristol, England. Major customers include AgustaWestland, Alenia, Hamilton Sundstrand, Avio, Bombardier and Eurocopter.
The company will become part of Goodrich’s actuation stems business.