TransDigm [TDG] said it has agreed to acquire a business of General Electric’s [GE] Aviation division that supplies motion control subsystems for civil and military aircraft. TransDigm said it would pay $150 million in cash for GE Aviation’s Electromechanical Actuation Division, giving it a proprietary business with significant aftermarket content. The GE business has about $80 million in sales, evenly split between commercial and military. TransDigm said about 40 percent of sales are from the aftermarket. Once the deal closes, which is…
TransDigm To Acquire GE Aviation Business Unit
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