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TransDigm To Sell ScioTeq, TREALITY Simulation Visual Systems Businesses - Quick Facts

March 01, 2021 — 08:14 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - TransDigm Group Incorporated (TDG) has entered into a definitive agreement to sell its ScioTeq and TREALITY Simulation Visual Systems businesses to OpenGate Capital in a deal valued at approximately $200 million. ScioTeq and TREALITY were acquired by TransDigm in 2019 as part of the Esterline acquisition.

Nicholas Howley, Executive Chairmen, said: "As previously communicated, we have been considering potentially divesting a few primarily defense, former Esterline businesses that do not align well with TransDigm's strategy. As such, we are pleased to have an agreement for the divestiture of the ScioTeq and TREALITY businesses."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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