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TransDigm Gains Controlling Interest In Aerosonic

Defense Daily Staff Defense Daily Staff
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TransDigm Group Inc. [TDG] yesterday said it has completed its cash tender offer for Aerosonic Corp., giving it a controlling interest in the small aerospace firm. TransDigm is paying $7.75 for each of Aerosonic’s shares, and once it completes the acquisition the deal will be valued at about $39 million. Aerosonic, which had nearly $30 million in sales last year, makes air data sensing, test and display components used in the business jet, helicopter and military markets. About 55 percent…

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