Prnewswireยท2025-10-06 11:49Core Viewpoint - TransDigm Group has successfully acquired Simmonds Precision Products, a leading aerospace and defense component manufacturer, for approximately $765 million in cash, financed through cash on hand [1][2]. Group 1: Acquisition Details - The acquisition was completed for about $765 million, which includes certain tax benefits [1]. - The deal was initially announced on June 30, 2025 [1]. Group 2: Simmonds Precision Products Overview - Simmonds, based in Vergennes, Vermont, specializes in fuel and proximity sensing and structural health monitoring solutions for aerospace and defense markets [2]. - Approximately 40% of Simmonds' revenue comes from the aftermarket, with nearly all revenue generated from proprietary products [2]. - Simmonds is projected to generate around $350 million in revenue for the calendar year ending December 31, 2025 [2]. - The company employs approximately 900 people [2]. Group 3: TransDigm Group Overview - TransDigm Group is a leading global designer, producer, and supplier of highly engineered aircraft components for commercial and military aircraft [3]. - Major product offerings include mechanical/electro-mechanical actuators, ignition systems, specialized pumps and valves, and various other aerospace components [3].