Aerospace & Defense M&A » By The Online Investor Staff, updated Sat., May. 11, 9:16 AM
Recent mergers and acquisitions in the Aerospace & Defense M&A category.
Slide #58. Triumph Group, Inc. — Embee Incorporated
Acquirer: |
Triumph Group, Inc. (NYSE:TGI) |
Acquiree: |
Embee Incorporated |
Details: |
Triumph Group, Inc. (NYSE:TGI) today announced the acquisition of Embee Incorporated, a leading commercial metal finishing provider offering more than seventy metal finishing, inspecting and testing processes primarily for the aerospace industry. The acquired business, which will operate as Triumph Processing - Embee Division, Inc. and be included in the Aerospace Systems Group, is expected to add approximately $50.0 million of annual revenue and to be immediately accretive to earnings. |
Triumph Group designs, engineers, manufactures, repairs, and overhauls a portfolio of aerospace and defense systems, subsystems, components, and structures. Co. provides a variety of products and services to the aerospace industry through two operating segments: Triumph Systems and Support, whose companies design, develop, and support proprietary components, subsystems, and systems; produce assemblies using external designs, and provide solutions for commercial, regional, and military aircraft; and Triumph Interiors, whose companies supply commercial, and regional manufacturers with aircraft interior systems, including air ducting and thermal acoustic insulation systems.
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Company Name: |
Triumph Group Inc. |
Stock buyback: |
TGI buyback |
Website: |
www.triumphgroup.com |
Sector: |
Aerospace & Defense |
Number of ETFs Holding TGI: |
48 |
Total Market Value Held by ETFs: |
$288.67M |
Total Market Capitalization: |
$1.08B |
% of Market Cap. Held by ETFs: |
26.68% |
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May 11, 2024 9:16 AM Eastern
Strong Buy (3.78 out of 4)
71st percentile
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