TransDigm (TDG.N), opens new tab said on Wednesday it would buy Stellant Systems, a portfolio company of Arlington Capital Partners, for about $960 million in cash, including certain tax benefits. Stellant, headquartered in Torrance, California, is a global designer and manufacturer of high-power electronic components and subsystems serving the aerospace and defense end-market.
"[Stellant] has established positions across a diverse range of both commercial and defense platforms, adding new products and services to TransDigm's portfolio," TransDigm CEO Mike Lisman said.
