TransDigm Group Incorporated acquired the aerospace business of Franke Aquarotter GmbH for approximately US$75m in cash on March 31st, 2015. The Company, whose name going forward will be Adams Rite Aerospace GmbH, is located in Ludwigsfelde, Germany and employs approximately 50 people. The Company manufactures proprietary faucets and related products for use on commercial transports and regional jets. Major platforms include the Airbus A320, A330, A380 and Bombardier and Embraer regional jets. Approximately 65% of revenue is derived from the commercial aftermarket and almost all revenue is proprietary and sole source.