TransDigm Group (NYSE: TDG) has decided not to pursue a firm offer for U.K.-based aerospace company Meggitt, citing the “quite limited due diligence information that was made available.” 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-...
Searchlight Capital Partners, a private investment firm, has agreed to buy Technical Airborne Components from TransDigm Group (NYSE: TDG) for an undisclosed sum. Belgium-based TAC designs and produces rods and struts for helicopters, commercial planes, military aircraft and space programs and operates with about 170 employees, the companies said in ...
OpenGate Capital has entered into a $200 million acquisition deal for two TransDigm Group (NYSE: TDG) business units that offer visualization and simulation visual display systems. The Los Angeles-based private equity firm intends to purchase ScioTeq and Treality, which jointly earned $135 million in revenues for the 2020 fiscal year ended Sept. 30,...
TransDigm Group (NYSE: TDG) has agreed to acquire a Cobham subsidiary focused on providing antennas and radio systems for the aerospace end market. TransDigm will use existing cash on hand to finance the $965M acquisition of Cobham Aero Connectivity and expects the transaction to close during the third quarter of calendar year 2021, subject to regu...
TransDigm Group (NYSE: TDG) has concluded its approximately $4B purchase of Esterline Technologies (NYSE: ESL) in a push to expand its proprietary and sole-source content platform for defense and aerospace sectors. TransDigm initially announced the deal on Oct. 10 and the company said Thursday Esterline shareholders will get $122.50 in cas...
Kevin Stein, president and chief operating officer at TransDigm Group (NYSE: TDG) since 2016, has been elected by the company’s board of directors to serve as president and CEO. TransDigm said Monday Stein will also join the board and oversee operational and financial aspects of the Cleveland-based aircraft components maker in his ne...
TransDigm Group (NYSE: TDG) has agreed to purchase Melbourne, Florida-based Extant Components Group Holdings from investment firm Warburg Pincus for approximately $525 million. Cleveland-based TransDigm said Monday it plans to finance the deal with cash on hand and funds under a revolving credit facility. Extant offers aftermarke...
Cleveland-based aerospace components maker TransDigm Group (NYSE: TDG) has purchased Takata Corp.™s aerospace and defense businesses as well as related assets and liabilities for approximately $90 million cash. TransDigm said Wednesday the transaction covers Takata™s Schroth Safety Products and Takata Protection Systems...
