TransDigm Group has completed the acquisition of Skandia, a provider of engineered seating foam, foam fabrication, flammability testing and acoustic products, it said. TransDigm acquired the company from Graycliff Partners for about $84 million, including the assumption of debt. Skandia employs 70 people and has annual revenue of about $26 million. Nearly 85% of its business is derived from the business jet market, with the remainder from commercial aerospace. 

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