TransDigm Buys APC From GE’s Unison Industries
General Electric’s Unison Industries subsidiary has sold its Aircraft Parts Corporation (APC) business unit to TransDigm Group for approximately $68 million in cash. APC, a 50-year-old company based in Holtsville, N.Y., manufactures turbine-engine starter generators, generator control units and related components for Cessna Citations, Bombardier Learjets and Bell and Agusta helicopters. TransDigm manufactures mechanical/electromechanical actuators and controls, ignition systems and components, gear pumps, specialized valves, engineered connectors, power conditioning devices, specialized fluorescent lighting and AC/DC electric motors, aircraft audio systems, engineered latches and cockpit security devices, lavatory hardware and components, hold-open rods and locking devices, specialized cockpit displays, elastomers and NiCad batteries/chargers for the commercial and military aircraft markets. “APC’s line of proprietary, highly engineered starter generators and generator control units complements TransDigm’s product offering in the commercial aerospace market, and their aftermarket content fits TransDigm’s business strategy,” said chairman and CEO Nicholas Howley. GE bought Unison in April 2002.