Invisio AB (publ) (OM:IVSO) agreed to acquire Racal Acoustics Limited from TransDigm Group Incorporated (NYSE:TDG) for approximately SEK 170 million on December 22, 2020. 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 transaction is expected to be cash and debt-financed.

The transaction is subject to regulatory approvals and customary closing conditions. The transaction is expected to close during the first quarter of 2021. The acquisition is expected to contribute to INVISIO's revenue for 2021 with more than SEK 130 million and with a positive result.

Reed Smith LLP acted as legal advisor and Seabury Securities LLC acted as financial advisor to TransDigm Group Incorporated. PricewaterhouseCoopers Sweden acted as accountant and James Connor, Liam Boylan, Douglas Lahnborg, Matthew Rose, Jonathan Rosen, Anthony Kay, Faraaz Samadi, Nicola Whiteley, Simon Folley, Jeanine McGuinness, Harry Clark, Greg Hume, John Narducci and James Larkin of Orrick, Herrington & Sutcliffe LLP and Jonas Forsén of Advokatfirman Cederquist KB acted as legal advisor to Invisio AB (publ).