TransDigm Group (NYSE: TDG) has finalized its acquisition of Raptor Scientific for approximately $655 million in cash. The Cleveland, Ohio-based aircraft component supplier said Wednesday Raptor Scientific, a portfolio company of L Squared Capital Partners, is a global manufacturer of test and measurement products for aerospace and defense end marke...
TransDigm Group (NYSE: TDG) has closed its purchase of the electron device business of Communications & Power Industries, a TJC portfolio company, for approximately $1.38 billion in cash. The CPI electron device business produces electronic components and subsystems for the aerospace and defense market through its manufacturing locations in Cali...
Cerberus Capital Management has purchased Calspanās hypersonic and defense test systems business units from TransDigm Group (NYSE: TGD) for an undisclosed sum and formed an independent entity that will focus on delivering hypersonic test infrastructure and services to U.S. government and commercial clients. North Wind will be based in St. Paul, Mi...
TransDigm Group (NYSE: TDG) has agreed to acquire the electron device business of Communications & Power Industries, a portfolio company of TJC, in a cash transaction worth approximately $1.39 billion. The CPI subsidiary has 900 employees and manufactures proprietary electronic components and subsystems for various aerospace and defense platform...
TransDigm Group (NYSE: TDG) has appointed company veterans Mike Lisman and Joel Reiss as co-chief operating officers to succeed Jorge Valladares, who has held the COO post since 2019. Valladares is set to retire as COO at the end of TransDigm’s 2023 fiscal year and has joined the company’s board of directors, the Cleveland-based aircraft...
TransDigm Group (NYSE: TDG) has completed the acquisition of aerospace and defense systems testing company Calspan through an approximately $725 million transaction that includes certain tax benefits. Calspan, which owns a transonic wind tunnel facility, is projected to generate $200 million in 2023 revenue, Transdigm said Monday. The Buffalo,...
Aircraft components maker TransDigm Group (NYSE: TDG) has agreed to acquire Calspan, a technology development and testing services provider headquartered in Buffalo, New York. Cleveland-headquartered TransDigm said it expects to use cash on hand to finance the acquisition and close the transaction during its 2023 fiscal year. Calspan has approximate...
TransDigm Group (NYSE: TDG) has decided not to pursue a firm offer for U.K.-based aerospace company Meggitt, citing the āquite limited due diligence information that was made available.ā TransDigm Chairman W. Nicholas Howley said in a statement Tuesday that the company had made efforts to advance a potential deal, such as arranging the needed fi...
U.K.-based aerospace company Meggitt has received an unsolicited offer from TransDigm Group (NYSE: TDG) to acquire Meggitt for 900 pence in cash per share, or approximately $9.74 billion, Reuters reported Wednesday. The offer came a week after Parker-Hannifin (NYSE: PH), a Cleveland-based provider of motion and control technologies for aerospace and...
OpenGate Capital has wrapped up its $200 million acquisition of the ScioTeq and Treality Simulation Visual Systems businesses from TransDigm Group (NYSE: TDG). TransDigm first announced in March the transaction to sell its two units that offer visualization platforms intended for defense, security and air traffic control applications. The Cleveland-...
