Home / M&A Activity / TransDigm to Purchase Aircraft Component Maker Data Device Corp for $1B

TransDigm to Purchase Aircraft Component Maker Data Device Corp for $1B

acquisition, mergerCleveland-based aircraft component maker TransDigm (NYSE: TDG) has agreed to purchase databus and power control system manufacturer Data Device Corp. and its parent company ILC Holdings from Behrman Capital for approximately $1 billion in a push to add new products for military, space and commercial customers.

Transdigm said Wednesday it expects to close the transaction that is subject to regulatory approvals by the end of this year and will fund the deal with cash on hand, funds from a revolving credit facility and new debt.

Bohemia, New York-headquartered DDC has 650 employees worldwide, expects to generate close to $200 million in revenue this year and records three-fourths of sales in the defense market with the remainder in the commercial transportation sector.

DDC’s MIL-STD-1553 databus product line is deployed on military aircraft such as the F-16, F-18 and F-35 fighter jets; C-130 airlifter; B-1 bomber; and Apache helicopter.

DDC says it derives 70 percent of its revenue from the aftermarket, while non-U.S. business represents 45 percent of total sales.


Check Also

Sustainable System Solutions to Modernize DoD Test Range Infrastructure Under Potential $897M Contract

Sustainable System Solutions has won a potential 10-year, $896.7M contract from the U.S. Army to modernize testing infrastructure at range facilities operated by the Department of Defense. The Herndon, Va.-based company will design, develop, integrate, test and field systems under the Modernizing Instrumentation Solutions for Test and Evaluation program, the Army said Monday in an award notice.

Peraton Lands $278M Recompete Award to Support CBP Airborne Radars; John Coleman Quoted

Peraton has secured a potential five-year, $277.5M contract to help the U.S. Customs Border and Protection manage a suite of airborne radar systems that support the agency's air, maritime and ground surveillance missions.