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Business/Financial

TransDigm To Acquire Electron Devices Business Of Communications & Power Industries

By Cal Biesecker

Thursday, November 9th, 2023

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TransDigm To Acquire Electron Devices Business Of Communications & Power Industries

CPI's Electron Device business products include microwave power modules. Photo: CPI

TransDigm Group [TDG] last Thursday said it has agreed to acquire the Electron Device business of Communications & Power Industries (CPI) for $1.4 billion in a deal that adds proprietary components used in aerospace and defense products. TransDigm said the Electron Devices business generates about 70 percent of its $300 million in annual sales from the aftermarket. “This business fits well with our long-standing strategy,” Kevin Stein, TransDigm’s president and CEO, said in a statement. “The vast majority of the…

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