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Business/Financial

Goodrich To Acquire Italian Flight Control Firm Microtecnica

DDN

Monday, April 4th, 2011

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Goodrich Corp. [GR] on Friday said it has agreed to acquire Italy's Microtecnica from the United Kingdom-based private equity firm SSCP Aero Holdings for $462 million in cash, adding to its portfolio of flight actuation systems and strengthening its position in the helicopter market. Goodrich said it expects the acquisition to be slightly accretive to earnings this year, including the impact of purchase accounting adjustments, and then solidly accretive thereafter. Microtecnica, which was sold by United Technologies Corp. [UTX] to…

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