(Adds details, company comment)
NEW YORK, Jan 9 (Reuters) - Airplane parts supplier TransDigm Group Inc. (TDG.N) said on Tuesday it will buy Seattle-based Aviation Technologies Inc., a privately-owned supplier of aerospace products, for a total enterprise value of $430 million in cash.
The acquisition is expected to close in the next 60 days.
Cleveland-based TransDigm, which produces and supplies aircraft components, said ATI is expected to have about $105 million in revenue for 2006.
“This acquisition expands our existing positions in aerospace motors and electrical power applications and also opens up a new growth platform in flight deck and cabin electronics products,” TransDigm Chief Executive Nicholas Howley said in a statement.
ATI has two primary operating units that service the commercial and military aerospace markets — Avtech and ADS/Transicoil.