Triumph Group [TGI] and United Technologies Corp. [UTX] on Friday said that Triumph has agreed to acquire the former Goodrich Corp. pump and engine control systems business from UTC, giving Triumph capabilities in a market that it doesn’t currently serve.

Terms of the deal, which is expected to close in the first quarter of 2013, were not disclosed. Triumph said that the acquisition would add $195 million in annual sales and be immediately accretive to earnings.

The Goodrich Pump and Engine Control Systems (GPECS) unit is a fuel system supplier for the commercial, military, helicopter and business jet markets. The unit has about 530 employees at its facility in Connecticut.

In addition to providing Triumph with access to a new market, “the acquisition will enhance our ties to existing customers while also further diversifying our customer base due to GPECS’ strong alignment with all major engine OEMs and the U.S. Army,” Jeffry Frisby, Triumph’s president and CEO, said in a statement.

GPECS’ management team will remain with the company. As part of the regulatory deals related to UTC’s acquisition last year of Goodrich, the company has to divest certain business units, including GPECS.

Triumph’s financial adviser on the deal is RBC Capital Markets.