Jay Clemens
TransDigm Group Inc. has acquired post-market aviation support services provider Aerosonic Corp. for approximately $39 million cash.
Aerosonic develops aviation standby displays, sensors and probes, and provides support for these components, acquisition adviser Bluestone Capital Partners said June 5.
TransDigm bought Aerosonic's outstanding shares for $7.75 per share in cash, which reflects a 60 percent premium of Aerosonic's closing share value on the day before the acquisition was made public.
Bluestone says that figure also represents a 78 percent premium of Aerosonic’s trading price over the previous 60 days, according to Bluestone.
Aerosonic's products include mechanical and digital altimeters, airspeed and climb rate indicators, microprocessor-based air data test sets, angle of attack stall warning systems, aircraft sensors, monitoring systems and flight instrumentation.
The company markets these products via sole or single source partnerships to the military and commercial customers, Bluestone said.
