TransDigm completes acquisition of Aero-Instruments

TransDigm Group Incorporated has completed the acquisition of Aero-Instruments Co., for approximately $35m in cash. Aero, located in Cleveland, Ohio, employs approximately 60 people and has been a supplier of proprietary, highly engineered components to the aerospace industry since 1925. Aero designs and manufactures highly engineered air data sensors including pitot probes, pitot-static probes, static pressure ports, angle of attack, temperature sensors and flight test equipment for use primarily in the business jet and helicopter markets. Over 60% of total revenue is derived from the aftermarket and military revenues are about 20% of total revenue.