Jun. 30 at 1:04 PM
$TDG $RTX
TransDigm to acquire Simmonds Precision Products for
$765M in cash
TransDigm Group (TDG) announced it has entered into a definitive agreement to acquire the Simmonds Precision Products Business of Goodrich Corporation from RTX (RTX) for approximately
$765M in cash, including certain tax benefits. Simmonds, headquartered in Vergennes, Vermont, is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for the aerospace and defense end markets.
The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Approximately 40% of Simmonds' revenue is derived from the aftermarket and nearly all of its revenue is generated from proprietary products.
Simmonds is expected to generate approximately
$350M in revenue for the calendar year ending December 31, 2025. The Company employs approximately 900 people. The acquisition is subject to regulatory approvals in the United States and customary closing conditions. The acquisition is expected to be financed through existing cash on hand.
