CPI's Electron Device business products include microwave power modules. Photo: CPI
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TransDigm Group Inc. [TDG] last week said it has completed its $1.4 billion cash acquisition of Communications & Power Industries
’ (CPI) Electron Device business, which manufactures electronic components and subsystems used primarily in the aerospace and defense sector.
The deal was first announced last November (Defense Daily, Nov. 9, 2023).
The Electron Device business generated about $300 million in sales for the fiscal year that ended Sept. 29, 2023, with about 70 percent of revenue coming from the aftermarket. Nearly all the business’s sales come from proprietary products.
Electron Device has about 900 employees.