Teleflex Completes Sale of Actuation Business to TransDigm Group Incorporated
LIMERICK, Pa.--([ BUSINESS WIRE ])--Teleflex Incorporated (NYSE: TFX), a leading global provider of medical technology products, announces that on Friday, December 31, 2010 it completed the previously announced sale of its subsidiary Telair International Incorporateda™s Actuation business to TransDigm Group Incorporated (NYSE: TDG). The sale proceeds are approximately $94 million.
Actuation will be reflected as a discontinued operation in Teleflexa™s future consolidated financial statements.
About Teleflex Incorporated
Teleflex is a global provider of medical technology products that enable healthcare providers to improve patient outcomes, reduce infections and support patient and provider safety. Teleflex, which employs approximately 12,800 people worldwide, also has niche businesses that serve segments of the aerospace and commercial markets with specialty engineered products. Additional information about Teleflex can be obtained from the company's website at [ www.teleflex.com ].