Triumph Group said Monday it will refocus investment efforts on intellectual property systems and proprietary technology products designed for aftermarket and original equipment manufacturing clients.
The deals include divestitures of nine factories employing nearly 1,400K workers.
“Triumph is nearing the end of our transformation, having divested 10 of its original 47 operating companies and completed six of eight factory consolidations as well as numerous program restructurings,” said Dan Crowley, president and CEO at Triumph Group.
Crowley added the company is repositioning its portfolio around the firm’s integrated systems and product support business segments in a push to address financial objectives.
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Arlington Capital Partners and NWI Holdings have respectively finalized their acquisitions of the fabrication and machining businesses from Triumph Group.
