TDG - Aerospace Company TransDigm Declares Special Cash Dividend; Buys CPI's Electron Device Business For $1.385B Cash | Benzinga
TransDigm Group Incorporated (NYSE: TDG) has entered into a definitive agreement to acquire the Electron Device Business of Communications & Power Industries, a portfolio company of TJC, L.P., for about $1.385 billion in cash.
CPI's Electron Device Business manufactures electronic components and subsystems primarily serving the aerospace and defense market.
CPI's Electron Device Business generated approximately $300 million in revenue for its fiscal year ended September 30, 2023. It has manufacturing locations in Palo Alto, California; Beverly, Massachusetts; Middlesex, UK; and Woodland, California.
"This business fits ...