Teleflex announced that last week it completed the previously announced sale of its subsidiary Telair International Inc.'s actuation business to TransDigm Group Inc.
The sale proceeds are approximately $94 million.
Actuation will be reflected as a discontinued operation in Teleflex's future consolidated financial statements, the company said.
Soundings Trade Only Editor in Chief talks with international marine industry leaders, Andrea Fabretti, Sam Crockford, and Rafaele Fabbri
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