TransDigm Group Inc. announced that it has agreed to acquired Data Device Corp. from Behrman Capital for $1 billion in cash. With over 650 employees worldwide, DDC supplies databus and power supply products to military and commercial aerospace customers. Platforms that utilize DDC products include the JSF, F-18, Eurofighter, C-130, F-15, and Apache. The company is projecting 2016 revenues of over $200 million which puts the forward multiple at a rich 5.0x. The deal is expected to close at the end of fiscal year 2016.
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