TransDigm Group acquired Aero-Instruments Co., LLC for $34.7 million, a transaction completed in September 2012, structured as cash.
TransDigm completed its acquisition of Cleveland-based Aero-Instruments in September 2012 for about $35 million in cash. A supplier to aerospace since 1925 with roughly 60 employees, Aero-Instruments designs and manufactures proprietary air data sensors such as pitot and pitot-static probes, angle-of-attack and temperature sensors used mainly on business jets and helicopters. More than 60% of its revenue came from the aftermarket, and it joined TransDigm's Power & Control segment.
Added proprietary air data sensing products.
Advisory firms were not disclosed for this transaction.