TransDigm Group Incorporated (TDG) has completed the acquisition of ILC Holdings, the parent company of Data Device Corporation, from Behrman Capital for a total purchase price of US$1.0bn in cash. TransDigm financed the acquisition with cash proceeds from the recently completed term loan and notes offerings. The acquisition of DDC was previously announced on May 24, 2016. DDC is a leading supplier of databus and power controls and related products that are used primarily in military avionics, commercial aerospace and space applications. The company’s core MIL-STD-1553 databus product line has a large installed base of systems worldwide that spans hundreds of unique military and commercial platforms. DDC revenues are anticipated to be over US$200m for the fiscal year ending December 2016 with approximately 75% coming from the defense market and the remainder primarily from the commercial transport market. Approximately 70% of revenue is derived from the aftermarket, with nearly all of the revenue from proprietary and sole source products. Approximately 45% of revenue is derived from customers outside of the United States. The business employs 650 employees in its various locations worldwide.
Learn more on how AviTrader can expand your market
Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada