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0 -0.00335869213337643 -0.00335869213337643 -0.00829516024603423 0.00420848170929112 0.00505827128520557 0.000870022661055371 0.00635318873421817
Stock impact report

HEICO Corporation Subsidiary Acquires Specialty Component Maker in India [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
subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. Based in Chennai, India, SVM is a leading designer and manufacturer of high-performance electronic passive components and sub-systems, including critical magnetic components and busbars, specifically serving the healthcare and industrial end-markets. SVM primarily serves Indian customers, including subsidiaries of large US and European multi-national firms, along with other international clients. Founded in 1989 by Hemaltha and Ramprasad Meka, SVM has 35 years of expertise in the design, development, and manufacturing of coils, transformers, and laminated or coated/plated busbars, among other products. The company has become a leader in critical magnetic solutions for medical ima Show less Read more
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