WAYNE, Pa.--(BUSINESS WIRE)--Mar. 31, 2009--
Triumph Group, Inc. (NYSE:TGI) today announced completion of the
previously announced acquisition of the assets of Kongsberg Automotive's
aviation segment. Located in Basildon, U.K. and Heiligenhaus, Germany,
the acquired business will operate as Triumph Controls-UK, Ltd. and
Triumph Controls-Germany, GmbH. The business is expected to add
approximately $12 million of revenue for fiscal year 2010 and will be
immediately accretive to earnings.
Employing approximately thirty people, the business produces and repairs
cable control systems for ground, flight, engine management and cabin
comfort features in aircraft and will become part of Triumph Aerospace
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
More information about Triumph can be found on the Internet at http://www.triumphgroup.com.
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 earnings 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