INVISIO has today signed an agreement to acquire all the shares in Racal Acoustics Ltd, a UK-based supplier of communication and hearing protection systems for high noise environments. prior to INVISIO’s acquisition, Racal Acoustics Ltd was a subsidiary of TransDigm Group Inc.
INVISIO’s acquisition of Racal Acoustics is aligned with INVISIO’s growth strategy and their ambition to further strengthen their global market-leading position within communication and hearing protection systems. The acquisition means that INVISIO will broaden its offer with a complementary new product category, consisting of advanced and rugged hearing protection and communications headsets for environments with constant high noise, often found in larger military vehicles and around aircraft.
Under the terms of the acquisition, INVISIO will also acquire Racal Acoustics Inc, a US based sales company through which Racal Acoustics markets and sells its products to the US market. The acquisition, which is expected to close during the first quarter of 2021, is subject to regulatory approvals and customary closing conditions.
Lars Højgård Hansen, CEO of INVISIO said: “We are very excited to welcome Racal Acoustics into the INVISIO-family. The deal is a perfect fit as the two companies are largely complementary. Over many years Racal Acoustics has built a strong position for communication and hearing protection in high noise environments such as military vehicles, while INVISIO has built a strong position for users in the field. Our combined product offerings and market footprints will strengthen our world leading position as the communication and hearing protection expert for users within military, first responder and aviation markets, whether in the field or in a vehicle”.
James Ewing, Managing Director at Racal Acoustics said: “Joining INVISIO is the perfect next step to fully explore the potential in Racal Acoustics. As the companies to a large extent share the same business-DNA but target different market segments and sales channels, we have all the elements for a strong growth story and future together”.
For more information, please contact:
Jaimie Stemens: IR@transdigm.com
Notes:
About INVISIO AB (publ)
INVISIO develops and sells advanced communication systems that enable professionals in noisy and mission critical environments to communicate, protect their hearing and work effectively. The company combines specialist knowledge in acoustics and hearing with broad engineering know-how in software, materials technology and integration. Sales are via the headquarters in Copenhagen and sales offices in the USA, France and Italy and via a global network of partners. INVISIO’s registered office is in Stockholm, Sweden and the company is listed on Nasdaq Stockholm (IVSO). www.invisio.com.
About Racal Acoustics Ltd.
Racal Acoustics delivers reliable, versatile audio communications while maintaining the highest levels of user safety and comfort. The products feature the latest digital signal processing and acoustic design. Racal Acoustics solutions include headsets for high-noise and medium-noise environments, as well as accessories, for use in paramilitary, first-responder and aviation markets. The London based company was a subsidiary of TransDigm Group Inc. prior to INVISIO’s acquisition. www.racalacoustics.com
About TransDigm Group Inc.
TransDigm Group, through its wholly owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. The annual revenue for the fiscal year, ended September 30, 2020, amounted to USD 5,103 million. TransDigm common stock is traded on the New York Stock Exchange and the ticker symbol is TDG. www.transdigm.com