Author: Jane Edwards|| Date Published: March 15, 2019
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 cash per share under the deal, which includes the assumption of debt.
Esterline supplies aerospace components, technology interface systems, pressure sensors, electric power distribution equipment and other technologies to defense and aerospace industries through its avionics and controls, sensors and systems and advanced materials business segments.
Esterline recorded $2B in fiscal 2018 revenue and has platform positions in aftermarket and OEM areas with content on defense platforms and commercial aircraft.
TransDigm produces military and commercial aircraft components such as mechanical and electromechanical actuators, ignition systems, engine technology, power conditioning devices, NiCad batteries and chargers, specialized pumps and valves, military personnel parachutes, cockpit displays, power conditioning devices and cargo loading and delivery equipment.
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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.
