
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…