Aerospace Giant TransDigm Expands Empire, Acquires Raptor Scientific For $655M
Portfolio Pulse from Shivani Kumaresan
TransDigm Group Inc (NYSE:TDG) has agreed to acquire Raptor Scientific for $655 million in cash. Raptor Scientific is a global manufacturer of test and measurement solutions for the aerospace and defense markets. The acquisition is pending regulatory approvals and will be financed using TransDigm's existing cash reserves.
May 28, 2024 | 2:28 pm
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TransDigm Group Inc (NYSE:TDG) has agreed to acquire Raptor Scientific for $655 million in cash. The acquisition will expand TransDigm's portfolio in the aerospace and defense markets. The deal is pending regulatory approvals and will be financed using existing cash reserves.
The acquisition of Raptor Scientific will enhance TransDigm's product portfolio in the aerospace and defense sectors, potentially leading to increased revenue and market share. The deal is strategically aligned with TransDigm's value generation strategy and will be financed using existing cash reserves, indicating strong financial health.
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