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Stock impact report

HEICO Corporation Acquires Aircraft Interior Display Company [Yahoo! Finance]

Heico Corporation (HEI) 
Last heico corporation earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: heico.com/investors
Company Research Source: Yahoo! Finance
Controls, Inc. ("MC2") subsidiary acquired all of the ownership interests of Rosen Aviation, LLC ("Rosen") for cash consideration paid at closing. Further terms and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following acquisition. The transaction marks HEICO's fourth acquisition in the past six months. Eugene, OR-based Rosen designs and manufactures in-flight entertainment (IFE) products, principally in-cabin displays and control panels, for the business and VVIP aviation markets. The company will operate as a wholly-owned subsidiary of MC2, which is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. The two businesses believe they can achieve important synergies, including, but not limited to, offering a larger set of aircraft interior IFE solutions integrating their respective products to offer state-of Show less Read more
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