TransDigm paying $1.4 billion for Electric Device business from TJC portfolio company CPI

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.

TransDigm Group Inc. TDG, +0.27% said Thursday it agreed to pay $1.4 billion in cash for the 900-employee Electron Device unit within Communications & Power Industries .

Communications & Power Industries is a portfolio company of private-equity firm TJC LP. TransDigm said CPI’s Electric Device business is a leading global manufacturer of electronic components and subsystems primarily for the aerospace and defense market. TransDigm stock is up 42% in 2023, compared to a 14.2% rise by the S&P 500 SPX, +0.10%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TransDigm to pay $1.4 billion in cash to buy CPI’s electron device business fromTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Source: MarketWatch - 🏆 3. / 97 Read more »