Transdigm, May 14, 2019 - CLEVELAND — TransDigm Group Incorporated announced that it has successfully completed the acquisition of Esterline Technologies Corporation, a supplier of products to the global aerospace and defense industry.
Under the terms of the merger agreement, Esterline shareholders will receive $122.50 per share in cash, without interest. The transaction is valued at approximately $4.0 billion in total consideration, including the assumption of debt. The acquisition was previously announced on October 10, 2018. Computershare Trust Company, N.A., our paying agent, will mail or provide to record holders of Esterline common stock transmittal materials and instructions for surrendering their common stock in exchange for the merger consideration.
The acquisition of Esterline expands TransDigm’s platform of proprietary and sole source content for the aerospace and defense industries, including significant aftermarket exposure. Esterline, with fiscal year 2018 revenue of $2.0 billion, has attractive platform positions in both the OEM and aftermarket and has substantial content on many important commercial aircraft variants, many regional and business jet aircraft and major defense platforms.
About TransDigm Group: TransDigm Group Incorporated (NYSE: TDG), through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.
Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.
The Esterline Simulation Visual Systems (SVS) family of products, which in 2015 was branded as Treality which be their new brand name now: Treality Simulation Visual Systems.
Treality Simulation Visual Systems offers a broad array of simulation display products. These products include a variety of collimated displays, high-performing 360-degree rear-projection domes, standard and custom front-projection displays, and the first truly deployable dome with a seamless screen. User-friendly projector control and alignment systems make the display operation simple and easy.
Treality Simulation Visual Systems are used in flight, maritime, air traffic control, driving, ground warfare, and firearms simulators as well as a variety of research applications. All Treality products are supported by a full complement of services, including design, project management, installation, integration, and worldwide maintenance.
About Esterline: Esterline Corporation (NYSE:ESL) is a leading worldwide supplier to the aerospace and defense industry specializing in three core business segments: Advanced Materials; Avionics & Controls; and Sensors & Systems.
Operations within the Advanced Materials segment focus on technologies including high-temperature-resistant materials and components used for a wide range of military and commercial aerospace purposes, and combustible ordinance and electronic warfare countermeasure products.
Operations within the Avionics & Controls segment focus on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, integrated cockpit systems, display technologies for avionics, training and simulation markets, secure communications systems, specialized medical equipment, and other high-end industrial applications.
The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, specialized harsh-environment connectors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers.
Under the terms of the merger agreement, Esterline shareholders will receive $122.50 per share in cash, without interest. The transaction is valued at approximately $4.0 billion in total consideration, including the assumption of debt. The acquisition was previously announced on October 10, 2018. Computershare Trust Company, N.A., our paying agent, will mail or provide to record holders of Esterline common stock transmittal materials and instructions for surrendering their common stock in exchange for the merger consideration.
The acquisition of Esterline expands TransDigm’s platform of proprietary and sole source content for the aerospace and defense industries, including significant aftermarket exposure. Esterline, with fiscal year 2018 revenue of $2.0 billion, has attractive platform positions in both the OEM and aftermarket and has substantial content on many important commercial aircraft variants, many regional and business jet aircraft and major defense platforms.
About TransDigm Group: TransDigm Group Incorporated (NYSE: TDG), through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.
Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.
The Esterline Simulation Visual Systems (SVS) family of products, which in 2015 was branded as Treality which be their new brand name now: Treality Simulation Visual Systems.
Treality Simulation Visual Systems offers a broad array of simulation display products. These products include a variety of collimated displays, high-performing 360-degree rear-projection domes, standard and custom front-projection displays, and the first truly deployable dome with a seamless screen. User-friendly projector control and alignment systems make the display operation simple and easy.
Treality Simulation Visual Systems are used in flight, maritime, air traffic control, driving, ground warfare, and firearms simulators as well as a variety of research applications. All Treality products are supported by a full complement of services, including design, project management, installation, integration, and worldwide maintenance.
About Esterline: Esterline Corporation (NYSE:ESL) is a leading worldwide supplier to the aerospace and defense industry specializing in three core business segments: Advanced Materials; Avionics & Controls; and Sensors & Systems.
Operations within the Advanced Materials segment focus on technologies including high-temperature-resistant materials and components used for a wide range of military and commercial aerospace purposes, and combustible ordinance and electronic warfare countermeasure products.
Operations within the Avionics & Controls segment focus on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, integrated cockpit systems, display technologies for avionics, training and simulation markets, secure communications systems, specialized medical equipment, and other high-end industrial applications.
The Sensors & Systems segment includes operations that produce high-precision temperature and pressure sensors, specialized harsh-environment connectors, electrical power distribution equipment, and other related systems principally for aerospace and defense customers.
See also |
Esterline Avionics State of Washington 
Helicopters Markets & Finance Transdigm Acquired Dart Aerospace
