Goodrich acquires Microtecnica from SSCP Aero Holdings

US aerospace manufacturer Goodrich has signed an agreement with SSCP Aero Holdings, a company backed by the European private equity firm Stirling Square Capital Partners, to acquire Microtecnica, a provider of flight control actuation systems for helicopter, regional and business aircraft, missile actuation and aircraft environmental-control systems.

The transaction is expected to close during the second quarter of 2011, subject to customary government approvals.

The business’s full-year sales for 2011 are expected to be approximately $220m (£136.8m) and to grow significantly over the next several years.

Total cash consideration for the acquisition is approximately €330m (£290.7m).