TransDigm Acquires CPI's Electron Device Business
June 6, 2024
TransDigm Group Inc. completed the acquisition of the Electron Device Business (EDB) of Communications & Power Industries (CPI) from an affiliate of The Resolute Fund V (TJC) for approximately $1.385 billion in cash. The business, a leading manufacturer of high-power RF/microwave components with strong aftermarket revenue, generated about $300 million in revenue for FY ended September 29, 2023 and employs ~900 people across U.S. and U.K. facilities.
- Buyers
- TransDigm Group Inc.
- Targets
- Electron Device Business (EDB) of Communications & Power Industries (CPI)
- Sellers
- TJC, L.P. (affiliate of The Resolute Fund V, L.P.), Communications & Power Industries (CPI)
- Industry
- Aerospace & Defense
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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