TransDigm and Servotronics Announce Successful Completion of Tender Offer and TransDigm's Acquisition of Servotronics
TransDigm Group (NYSE: TDG) has successfully completed its acquisition of Servotronics (NYSE American: SVT) through a tender offer at $47.00 per share in cash. The tender offer, which expired on June 30, 2025, saw approximately 87.09% of outstanding shares (2,228,197 shares) validly tendered and accepted for payment.
Following the successful tender offer, TransDigm executed a merger on July 1, 2025, without requiring a stockholder vote, under Section 251(h) of the Delaware General Corporation Law. All remaining outstanding shares not tendered will be converted to the right to receive the same $47.00 per share cash consideration. As part of the acquisition, Servotronics will be delisted from NYSE American.
The acquisition combines TransDigm's position as a leading global designer and supplier of engineered aircraft components with Servotronics' expertise in servo controls and components for aerospace applications, including aircraft, jet engines, and missiles.
TransDigm Group (NYSE: TDG) ha completato con successo l'acquisizione di Servotronics (NYSE American: SVT) tramite un'offerta pubblica d'acquisto a 47,00 $ per azione in contanti. L'offerta, scaduta il 30 giugno 2025, ha visto circa il 87,09% delle azioni in circolazione (2.228.197 azioni) validamente presentate e accettate per il pagamento.
A seguito del successo dell'offerta, TransDigm ha effettuato una fusione il 1掳 luglio 2025 senza necessit脿 di voto degli azionisti, ai sensi della Sezione 251(h) della Delaware General Corporation Law. Tutte le azioni residue non presentate saranno convertite nel diritto a ricevere lo stesso corrispettivo in contanti di 47,00 $ per azione. Come parte dell'acquisizione, Servotronics sar脿 esclusa dalla quotazione sul NYSE American.
L'acquisizione unisce la posizione di TransDigm come leader globale nella progettazione e fornitura di componenti aeronautici ingegnerizzati con l'esperienza di Servotronics nei controlli servo e componenti per applicazioni aerospaziali, inclusi aeromobili, motori a reazione e missili.
TransDigm Group (NYSE: TDG) ha completado con 茅xito la adquisici贸n de Servotronics (NYSE American: SVT) mediante una oferta p煤blica de adquisici贸n a 47,00 $ por acci贸n en efectivo. La oferta, que expir贸 el 30 de junio de 2025, logr贸 que aproximadamente el 87,09% de las acciones en circulaci贸n (2.228.197 acciones) fueran v谩lidamente presentadas y aceptadas para el pago.
Tras el 茅xito de la oferta, TransDigm realiz贸 una fusi贸n el 1 de julio de 2025 sin necesidad de voto de los accionistas, conforme a la Secci贸n 251(h) de la Delaware General Corporation Law. Todas las acciones restantes no presentadas se convertir谩n en el derecho a recibir la misma consideraci贸n en efectivo de 47,00 $ por acci贸n. Como parte de la adquisici贸n, Servotronics ser谩 retirada de la cotizaci贸n en NYSE American.
La adquisici贸n combina la posici贸n de TransDigm como un l铆der global en el dise帽o y suministro de componentes aeron谩uticos dise帽ados con la experiencia de Servotronics en controles servo y componentes para aplicaciones aeroespaciales, incluyendo aeronaves, motores a reacci贸n y misiles.
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鞚措矆 鞚胳垬搿� TransDigm鞚� 頃车旮� 攵�頀� 靹り硠 氚� 瓿店笁 攵勳暭鞚� 旮�搿滊矊 靹犽憪欤检瀽 鞙勳箻毳� 鞙犾頃橂┐靹� Servotronics鞚� 頃车旮�, 鞝滍姼 鞐旍, 氙胳偓鞚� 霌� 頃车鞖办＜鞖� 靹滊炒 鞝滌柎 氚� 攵�頀� 鞝勲靹膘潉 瓴绊暕頃橁矊 霅橃棃鞀惦媹雼�.
TransDigm Group (NYSE : TDG) a finalis茅 avec succ猫s l'acquisition de Servotronics (NYSE American : SVT) via une offre publique d'achat 脿 47,00 $ par action en num茅raire. L'offre, qui a expir茅 le 30 juin 2025, a vu environ 87,09 % des actions en circulation (2 228 197 actions) 锚tre valablement propos茅es et accept茅es pour paiement.
Suite au succ猫s de l'offre, TransDigm a proc茅d茅 脿 une fusion le 1er juillet 2025, sans n茅cessiter de vote des actionnaires, conform茅ment 脿 l'article 251(h) de la Delaware General Corporation Law. Toutes les actions restantes non propos茅es seront converties en droit de recevoir la m锚me contrepartie en num茅raire de 47,00 $ par action. Dans le cadre de l'acquisition, Servotronics sera radi茅e de la cote du NYSE American.
Cette acquisition combine la position de TransDigm en tant que leader mondial dans la conception et la fourniture de composants a茅ronautiques ing茅nier茅s avec l'expertise de Servotronics dans les commandes servo et composants pour applications a茅rospatiales, incluant les avions, moteurs 脿 r茅action et missiles.
TransDigm Group (NYSE: TDG) hat die 脺bernahme von Servotronics (NYSE American: SVT) erfolgreich abgeschlossen, indem es ein 脺bernahmeangebot zu 47,00 USD pro Aktie in bar durchgef眉hrt hat. Das 脺bernahmeangebot, das am 30. Juni 2025 endete, verzeichnete etwa 87,09 % der ausstehenden Aktien (2.228.197 Aktien), die g眉ltig eingereicht und zur Zahlung akzeptiert wurden.
Nach dem erfolgreichen 脺bernahmeangebot f眉hrte TransDigm am 1. Juli 2025 eine Fusion durch, ohne dass eine Aktion盲rsabstimmung erforderlich war, gem盲脽 Abschnitt 251(h) des Delaware General Corporation Law. Alle verbleibenden nicht eingereichten Aktien werden in das Recht umgewandelt, dieselbe Barabfindung von 47,00 USD pro Aktie zu erhalten. Im Rahmen der 脺bernahme wird Servotronics von der NYSE American delistet.
Die 脺bernahme vereint TransDigms Position als f眉hrender globaler Entwickler und Lieferant von konstruierten Flugzeugkomponenten mit der Expertise von Servotronics in Servosteuerungen und Komponenten f眉r Luft- und Raumfahrtanwendungen, einschlie脽lich Flugzeugen, D眉sentriebwerken und Raketen.
- Successful tender offer with high participation rate of 87.09% of outstanding shares
- Strategic expansion of TransDigm's aerospace component capabilities through Servotronics' servo controls expertise
- Streamlined acquisition process completed without requiring additional stockholder vote
- Delisting of Servotronics from NYSE American, reducing investment options in the aerospace component sector
Insights
TransDigm completes Servotronics acquisition at $47/share, expanding aerospace component portfolio through successful 87% share tender.
TransDigm's acquisition of Servotronics marks a strategic expansion of its aerospace components portfolio. The $47.00 per share all-cash transaction saw strong shareholder support with
This acquisition follows TransDigm's established pattern of acquiring specialized aerospace component manufacturers to enhance its product offerings. Servotronics' expertise in servo controls and components for aircraft, jet engines, and missiles complements TransDigm's existing portfolio of highly engineered aircraft parts. The remaining Servotronics shares not tendered will receive the equivalent cash consideration, and the company will be delisted from NYSE American.
The transaction structure鈥攁 tender offer followed by a merger鈥攊s designed for efficiency, allowing TransDigm to quickly integrate Servotronics into its operations. This streamlined approach typically signals confidence in achieving rapid post-merger integration. For TransDigm, which supplies components to nearly all commercial and military aircraft currently in service, this acquisition strengthens its market position by adding Servotronics' specialized manufacturing capabilities in Elma and Franklinville, New York.
The tender offer expired one minute after 11:59 p.m.,
As a result of its acceptance of the shares tendered in the tender offer, TransDigm and its affiliates acquired a sufficient number of shares of Servotronics' common stock to complete the acquisition by merger without a vote of Servotronics' stockholders pursuant to Section聽251(h)聽of the Delaware General Corporation Law. As such, the merger was completed today, July 1, 2025.
Each outstanding share of Servotronics' common stock that was not validly tendered in the tender offer (other than shares irrevocably accepted for payment in the tender offer, treasury stock of Servotronics to be cancelled or shares held by Servotronics stockholders properly exercising their appraisal rights under Section聽262 of the DGCL) will be converted into the right to receive an amount equal to the tender offer price. In addition, the common stock of Servotronics will cease to trade on NYSE American and a notice of delisting with respect to shares of Servotronics is expected to be filed promptly.
Advisors
Baker & Hostetler LLP acted as legal counsel to TransDigm. Houlihan Lokey acted as financial advisor and Bond Schoeneck & King acted as legal counsel to Servotronics.
About TransDigm Group
TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, cargo loading, handling and delivery systems and specialized flight, wind tunnel and jet engine testing services and equipment, electronic components used in the generation, amplification, transmission and reception of microwave signals, and complex testing and instrumentation solutions.
About Servotronics, Inc.
Servotronics designs, develops, and manufactures servo controls and other components for various commercial and government applications including aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications at its operating facilities in聽Elma聽and聽Franklinville,
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SOURCE TransDigm Group Inc.; Servotronics, Inc.
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