Aerospace & Defense Divestitures in 2012
Acquisition Volume in Aerospace & Defense Divestitures in 2012 by Year
Last 5 years
Actual
Full-year estimate
-
- Buyer
- TDG Acquisition Company, LLC, Six15 Technologies
- Target
- Tactical Display Group (TDG) of Vuzix Corporation
- Seller
- Vuzix Corporation
- Industry
- Aerospace & Defense
- Location
- New York, United States
- Type
- Divestiture
Vuzix Corporation sold its Tactical Display Group (TDG) assets to TDG Acquisition Company, LLC for $8.5 million in cash plus a potential $2.5 million earn-out. Approximately 35% of Vuzix’s manufacturing, engineering and sales personnel transferred to the buyer (to be based in the Rochester area), enabling Vuzix to focus on its consumer and commercial video eyewear business and to use proceeds to reduce indebtedness.
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