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Business/Financial

TransDigm To Acquire Esterline For $4 Billion In Deal That Expands Aerospace, Defense Products

By Cal Biesecker

Wednesday, October 10th, 2018

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TransDigm To Acquire Esterline For $4 Billion In Deal That Expands Aerospace, Defense Products

Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

TransDigm Group Inc. [TDG] on Wednesday said it has agreed to acquire Esterline Technologies Corp. [ESL] for $4 billion in cash in a deal that expands its proprietary mix of products for the aerospace and defense markets.TransDigm expects the transaction to close in the second half of 2019 subject to regulatory approvals. The Ohio-based company said the acquisition should be “modestly accretive” to adjusted earnings in the first full-year of ownership.Esterline is expected to generate about $2 billion in sales…

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