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."
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.