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Business/Financial

TransDigm Selling Visualization Solutions Businesses to Private Equity Firm

By Cal Biesecker

Tuesday, March 2nd, 2021

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TransDigm Selling Visualization Solutions Businesses to Private Equity Firm

Thin lightweight displays provided by TransDigm's ScioTeq business unit. Photo: TransDigm

TransDigm Group Inc. [TDG] on Monday said it has agreed to sell two business units involved in providing advanced visualization solutions for global defense, air traffic control and security end markets to the private equity firm OpenGate Capital for $200 million. TransDigm acquired the ScioTeq and TREALITY Simulation Visual Systems businesses as part of its $4 billion acquisition of Esterline Technologies in 2019. The two business units have about 450 employees combined and generated about $135 million in sales for…

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