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Tag Archives: Data Device Corp.

Vincent Buffa Named HDT Global President, CEO

Vincent Buffa, former president and CEO of Data Device Corp., has succeeded Frederick Strader to the same dual role at expeditionary equipment manufacturer HDT Global. Buffa brings 33 years of leadership experience in the production of mechanical and electrical components and systems for the aerospace and defense sectors, HDT said Monday. …

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TransDigm Buys Takata’s Aerospace & Defense Businesses for $90M

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 businesses. Both businesses will operate under the name Schroth and focus on the design and …

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TransDigm Closes $1B Buy of DDC Parent ILC Holdings

Cleveland-based aerospace components manufacturer TransDigm (NYSE: TDG) has closed its $1 billion cash acquisition of ILC Holdings and its subsidiary Data Device Corp. from New York-based investment firm Behrman Capital. TransDigm first announced the deal May 24 and the company said Thursday it used net proceeds from a term loan and a sale of …

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

Cleveland-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 …

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DDC Targets Space Market Growth in Buy of Maxwell Technologies’ Microelectronics Unit

Data Device Corp. has agreed to acquire a Maxwell Technologies (NASDAQ: MXWL) subsidiary that manufactures microelectronic components for satellites and space vehicles. Vincent Buffa, DDC president and CEO, said in a statement published Tuesday acquiring Maxwell’s microelectronics business is part of DDC’s push to expand into markets that require radiation-hardened microelectronics. The business specializes in …

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