Franzen & Company acts as exclusive advisor to Franke Group in this important corporate disposal
The Swiss Franke Group, headquartered in Aarburg carved out and divested the Mobile Systems business, which is part of its subsidiary Franke Aquarotter GmbH based in Ludwigsfelde, Germany to the American TransDigm Group (NYSE: TDG) based in Cleveland, Ohio for approximately $75 million in cash. The sale and purchase agreement was signed on July 23, 2014 and the transaction closed on March 31, 2015.
The tap and water management specialist Franke Aquarotter belongs to the Franke Group. The Mobile Systems segment manufactures specialty faucets, water heaters and electronic controls for lavatories in the aviation industry. The majority of the 270 employees at Franke Aquarotter are not affected by this sale. The Ludwigsfelde site will continue to exist as a competence center for water management for the public sector. Going forward, TransDigm Group will change the name of the acquired Mobile Systems business to Adams Rite Aerospace.
TransDigm Group Incorporated (NYSE: TDG), through its wholly owned subsidiaries, including TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components, systems and subsystems for use on nearly all commercial and military aircraft in service today.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.