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HEICO scoops up power amplifier maker

Published 11/28/2018, 10:02 AM
© Reuters.  HEICO scoops up power amplifier maker
HEI
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  • HEICO's (HEI +1.8%) Electronic Technologies group has acquired approximately 93% of the stock of Apex Microtechnology.
  • Members of Apex's management own the balance of the firm.
  • HEICO expects the acquisition to be accretive to its earnings in the year following the purchase. Further financial terms and details were not disclosed.
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