Goodrich To Pay €330M For Actuator Co. Microtecnica

Law360, New York (April 1, 2011, 5:32 PM EDT) -- Goodrich Corp. announced Friday that it had struck a €330 million ($467 million) deal to acquire Italian manufacturer Microtecnica SRL, which makes flight control actuation and environmental control systems for helicopters, airplanes and missiles.

The Charlotte, N.C.-based aerospace and defense contractor reached the agreement with SSCP Aero Holdings SCA, a company backed by European private equity firm Stirling Square Capital Partners, which bought Microtecnica in July 2008.

The acquisition will increase Goodrich’s exposure to three growth markets: commercial and military helicopters, commercial aircraft, and missile actuation,...
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