GvW Graf von Westphalen has advised listed AAR CORP. on the sale of the Telair Group to TransDigm Group
GvW Graf von Westphalen has advised listed AAR CORP. on the sale of the Telair Group to TransDigm Group (also listed in the US) for a purchase price of USD 725 million subject to adjustment. Telair International GmbH with registered office in Miesbach/Germany is a major part of the Telair-Group.Telair International provides the world's airlines and OEMs with advanced cargo-handling systems and aftermarket services. Telair International GmbH is a one-stop shop for the design, manufacture and support of complete on-board baggage and cargo handling systems for both wide- and narrow-body aircraft. Telair is an original equipment manufacturer (OEM) for both Airbus and Boeing, in addition to supporting more than 50 carriers worldwide.
AAR is a leading provider of products and value-added services to the worldwide aerospace and government and defense industries. With facilities and sales locations around the world, AAR uses serves its customers through four operating segments: Aviation Supply Chain; Government and Defense Services; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.aarcorp.com.
TransDigm Group is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.
AAR was advised in the USA by Winston & Strawn LLP and in Germany by GvW Graf von Westphalen.
TransDigm Inc. was advised in the USA by Baker Hostetler and by King & Wood Mallesons.
Advisors AAR Germany:
Graf von Westphalen (Munich): Robert A. Heym (Lead) Felix Wolf, Dr Theresia Gondro (all: Corporate M&A, Munich), Dr Frank Tschesche (Tax Law, Frankfurt), Dr Carsten Bittner (Competition Law, Hamburg).
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