HEICO Corporation Subsdiary Acquires TTT-Cubed, Inc.
Heico Corporation (HEI)
Last heico corporation earnings: 2/25 04:15 pm
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Source: Business Wire
HOLLYWOOD, Fla. & FREMONT, Calif.--(BUSINESS WIRE)--HEICO Corporation (NYSE: HEI.A) (NYSE: HEI) today announced that its dB Control subsidiary acquired 100% of the stock of TTT-Cubed, Inc. (“TTT”) in an all cash transaction. Further financial terms and details were not disclosed. dB Control is part of HEICO’s Electronic Technologies Group. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the purchase.Founded in 2012, TTT is the leading designer and manufacturer of cutting edge RF Sources, Detectors, and Controllers for a certain wide range of aerospace and defense applications. Among TTT’s most recognized products are high-end frequency locked oscillators and integrated digital control units.TTT’s design and production center is located in Fremont, CA. TTT is known as a leader for consistently developing products that lead the industry in terms of performance, quality, and reliability.TTT will operate as part of dB Control and will
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