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TransDigm To Acquire Data Device Corp. For $1 Billion

TransDigm To Acquire Data Device Corp. For $1 Billion
The first F-35A for the Italian Air Force, and the first F-35 built at the Cameri FACO, takes to the skies over Italy, Sept. 7, 2015. Photo: Lockheed Martin.

TransDigm Group Inc. [TDG] on Tuesday said it has agreed to acquire Data Device Corporation (DDC) from its private equity owner Behrman Capital for $1 billion in cash, adding engineered products with substantial aftermarket content to its portfolio.The acquisition is expected to close during the third quarter.DDC is expected to have more than $200 million in sales this year, with 75 percent coming from the defense market and the rest from commercial aerospace. About 70 percent of DDC’s revenue comes…

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