HEICO to acquire Exxelia International for €453M in cash plus ~€14M liabilities

HEICO CORP

Purchase price of €453 million cash plus assumption of approximately €14 million in liabilities.
Exxelia is a global leader in Hi-Rel passive electronic components and rotary joint assemblies for aerospace/defense.
Transaction expected to close after obtaining required antitrust clearance and foreign investment authorizations.
Exxelia's management and team members will retain a minority interest of around 5% of the business.

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