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...
Shareholders at U.K.-based aerospace company Meggitt voted to approve the acquisition offer from Parker Hannifin (NYSE: PH), a Cleveland-based provider of motion and control technologies for the aerospace and industrial markets. The transaction is expected to be completed in the third quarter of calendar year 2022, subject to regulatory clearances, ...
TransDigm Group (NYSE: TDG) has decided not to pursue a firm offer for U.K.-based aerospace company Meggitt, citing the âquite limited due diligence information that was made available.â 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-...
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 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 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. Tran...
