TDG - TransDigm to sell businesses to OpenGate Capital in $200M deal
TransDigm ([[TDG]] +2.9%) opens higher after saying it agreed to sell its ScioTeq and Treality Simulation Visual Systems businesses to OpenGate Capital in a deal valued at ~$200M.The businesses develop and manufacture advanced visualization solutions primarily for the global defense, air traffic control, and security end markets, and generated $135M in revenues for the fiscal year ended Sept. 30, 2020.TransDigm employs aggressive pricing and leverage strategies and has well managed the crisis over the past year, The Value Investor writes in a neutral analysis posted recently on Seeking Alpha.
For further details see:
TransDigm to sell businesses to OpenGate Capital in $200M deal