Hollywood, FL, Sarasota, FL, and Kirkland, WA – December 24, 2019, HEICO Corporation (NYSE: HEI.A and HEI) today announced that its Radiant Power Corp. (“Radiant Power”) subsidiary acquired 100% of the business and assets of the Human-Machine Interface (“HMI”) product line of Spectralux Corporation in an all cash transaction. Radiant Power is part of HEICO’s Electronic Technologies Group.
HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the purchase. Further financial terms and details were not disclosed. The purchase is HEICO’s seventh acquisition in the past year.
A leader in its field, the HMI Product Line, which has a significant installed base and is standard equipment on numerous in-production commercial transport aircraft, designs, manufactures, and repairs flight deck annunciators, panels, indicators, and illuminated keyboards, as well as lighting controls, and flight deck lighting.