TransDigm Group acquired NavCom Defense Electronics (assets & IP) for approximately $27 million in cash, a transaction completed in October 2018, structured as all cash. The deal was a Asset purchase.
NavCom Defense Electronics (assets & IP) operates in Power & Control, is based in Corona, California, had revenue of about approximately $13 million. Substantially all assets and technical data rights of the Corona, California operations of NavCom Defense Electronics, acquired by TransDigm subsidiary Extant Aerospace. Core product is the mission-critical AN/APN-232 Combined Altitude Radar Altimeter (CARA) system. NavCom annual revenue about $13 million.
Extant Aerospace, a TransDigm subsidiary, acquired NavCom's assets and intellectual property because its mission-critical AN/APN-232 CARA radar altimeter system aligns with Extant's core focus on sustaining complex electronic systems.
Mission-critical proprietary avionics (CARA) aligned with Extant's sustainment model Extant Aerospace
We are very pleased to add NavCom and its iconic CARA system to our business portfolio and proud to have earned the confidence and trust of NavCom's management in Extant's ability to sustain the system into the future. The system aligns very well with Extant's core business focus.Jim Gerwien, President, Extant Aerospace
Advisory firms were not disclosed for this transaction.