TransDigm Group acquired Cobham Aero Connectivity (Chelton) for aggregate purchase price of $965 million (including tax benefits), a transaction completed in January 2021, structured as all cash.
Cobham Aero Connectivity (Chelton) operates in Power & Control, is based in Marlow, UK (HQ); Prescott, Arizona, had revenue of about approximately $225 million (FY ended Dec 31, 2020). Marlow, UK-based provider of highly engineered antennas and radios for the aerospace end market (Chelton). Products are primarily proprietary with significant aftermarket content and strong presence across major defense platforms plus select commercial. About $225M revenue (FY ended Dec 31, 2020); nearly 60% international and over 70% aftermarket; about 760 employees; plants in Marlow UK and Prescott AZ. Financed through cash on hand.
Primarily proprietary, over 70% aftermarket, strong defense-platform presence
Advisory firms were not disclosed for this transaction.