HEICO Corporation /
Exxelia International
HEICO Corporation commits to acquire Exxelia International
- Price
- €453m
- Stage
- Agreement signed
What happened
HEICO Corporation, through its wholly owned Electronic Technologies Group subsidiary, has committed to acquire Exxelia International under a Put Option Agreement and a Stock Purchase Agreement. The transaction remains subject to required processes and closing conditions.
The agreement provides for €453 million in cash at closing, plus the assumption of approximately €14 million of liabilities. Exxelia makes passive electronic components and rotary joint assemblies for aerospace, defense and other high-end applications.
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HEICO Corporation commits to acquire Exxelia International
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