News Releases

Triumph Group Announces Acquisition of Saygrove Defence & Aerospace Group, Ltd.

March 13, 2009 at 2:58 PM EDT

WAYNE, Pa.--(BUSINESS WIRE)--Mar. 13, 2009-- Triumph Group, Inc. (NYSE:TGI) today announced the acquisition of Saygrove Defence & Aerospace Group, Ltd., a provider of motion control and actuation products to the aerospace and defense industries. The acquired business, which will operate as Triumph Actuation & Motion Control Systems-UK, Ltd. and be part of Triumph Aerospace Systems Group, is expected to add approximately $11 million of revenue for fiscal year 2010 and will be immediately accretive to earnings.

Saygrove, which is located in Buckley, U.K., designs and builds proprietary advanced control products for flight actuation and motor control applications in all-electric aircraft and Unmanned Aerial Vehicles (“UAVs”). Their range of products includes all-electric solutions, fully integrated electro-mechanical systems, multi-channel electronic controllers, motor/gearbox combinations, and a range of sensors.

Richard C. Ill, Triumph’s President and Chief Executive Officer, said, “We view this acquisition as a unique opportunity to expand our capabilities because it represents the next generation of electronic controls for actuation and motor control. We believe that Saygrove’s products and technologies allow for significant advancements in the type of work that we can pursue and positions us well for future growth. We are pleased that the management team, led by Steve Ward and Gary Parkes, will remain with Triumph.”

Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

More information about Triumph can be found on the Internet at

Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements of expected revenue and accretion. All forward-looking statements involve risks and uncertainties which could affect the company’s actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph’s reports filed with the SEC, including our Annual Report on Form 10-K for the year ended March 31, 2008.

Source: Triumph Group, Inc.

Triumph Group, Inc.
Sheila G. Spagnolo
Vice President