Picks Up Rolls-Royce Gear Systems, Inc.
On Monday, Triumph Group, Inc. announced the acquisition of
Rolls-Royce Gear Systems, Inc. from Rolls-Royce North America
Venture I Inc. for consideration of $36 million. The acquired
business, to be renamed Triumph Gear Systems, Inc., is projected to
add approximately $55 million of revenue for fiscal 2005 and be
accretive to earnings.
Located in Park City, Utah, the company employs about 200 people
and specializes in the design, development, manufacture, sale and
repair of gearboxes, high-lift flight control actuators and
gear-driven actuators and gears for the aerospace industry. Primary
products include aircraft and engine mounted accessory drives,
utility actuation components and systems, high-lift actuation
systems and flig