TransDigm Announces Acquisition of the Electron Device Business of Communications & Power Industries (“CPI”) ...Middle East

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TransDigm Announces Acquisition of the Electron Device Business of Communications & Power Industries (“CPI”)
CLEVELAND, Nov. 9, 2023 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG) today announced it has entered into a definitive agreement to acquire the Electron Device Business (“the Company”) of Communications & Power Industries, a portfolio company of TJC, L.P., for approximately $1.385 billion in cash.   CPI’s Electron Device Business is a leading global manufacturer of electronic components and subsystems primarily serving the aerospace and defense market.  The Company’s products are highly-engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms.  Approximately 70% of its revenue is derived from the af

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