M&A
confidence high
sentiment positive
materiality 0.80
TransDigm completes $1.385B acquisition of CPI Electron Device Business
TransDigm Group INC
- Acquired CPI Electron Device Business for approx. $1.385B in cash, financed from cash on hand and Nov 2023 notes offerings.
- The business generates ~$300M annual revenue (FY2023), with ~70% aftermarket content and nearly all revenue from proprietary products.
- Business employs ~900 people across four manufacturing locations in US and UK.
- Products are highly-engineered electronic components serving aerospace & defense aftermarket; deal previously announced Nov 9, 2023.