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TransDigm To Acquire Aerospace Connectivity Business From Cobham

Cal Biesecker By
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TransDigm To Acquire Aerospace Connectivity Business From Cobham
W. Nicholas Howley, executive vice chairman of TransDigm Group. Photo: TransDigm Group.

TransDigm Group Inc. [TDG] on Tuesday said it has agreed to acquire Cobham Aero Connectivity (CAC) for $965 million in cash, giving it a range of proprietary antenna and radio products for the aerospace market. CAC is part of Britain’s Cobham, which is owned by the private equity firm Advent International. The deal is expected to close in the first quarter of 2021 pending regulatory approvals. The $965 million deal value includes tax benefits. CAC expects about $225 million in…

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