TSI Group to be acquired by B/E Aerospace.
Manufacturer of aircraft cabin interior products B/E Aerospace (NASDAQ:BEAV) yesterday announced that it has signed a definitive acquisition agreement with the shareholders of TSI Group Inc.
TSI designs, engineers and manufactures customised, fully integrated, thermal management and interconnect solutions that address complex power management requirements of OEMs in the aerospace industry.
The purchase price is approximately USD310m in cash and represents a multiple of approximately 2.0 times TSI's expected current year revenues .
The transaction is scheduled to close in the fourth quarter of 2010, subject to customary regulatory approvals.
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|Date:||Oct 5, 2010|
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