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Stock impact report

HEICO Corporation Acquires Leading Niche Power Amplifier Maker

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: Business Wire
MIAMI & TUCSON, Ariz.--(BUSINESS WIRE)-- HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its Electronic Technologies Group acquired approximately 93% of the stock of Apex Microtechnology, Inc. (“Apex”) in an all cash transaction. Members of Apex’s management own the balance of the firm. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the purchase. Further financial terms and details were not disclosed. Tucson, AZ-based Apex is the leading designer and manufacturer of precision power analog monolithic, hybrid and open frame components for a certain wide range of aerospace, defense, industrial, measurement, medical and test applications. Among Apex’s most recognized products are high-end Power Operational Amplifiers, PWM Amplifiers and Voltage References. Founded in 1980, Apex employs nearly 100 people at its state-of-the-a Show less Read more
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