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Teleflex sells subsidiary Actuation business to TransDigm Group

Teleflex Incorporated, a global provider of medical technology products, has completed the sale of its subsidiary Telair International Incorporated's Actuation business to TransDigm Group Incorporated.

Teleflex said that the sale proceeds are approximately $94m and actuation will be reflected as a discontinued operation in Teleflex’s future consolidated financial statements.

On 29 November 2010, Teleflex has entered into a definite agreement with TransDigm Group for approximately $94m.

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.