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Heico's Electronic Technologies Unit Acquires Majority Stake in Mid Continent Controls
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Heico's Electronic Technologies Unit Acquires Majority Stake in Mid Continent Controls
Oct 21, 2024 4:50 PM

09:39 AM EDT, 10/21/2024 (MT Newswires) -- Heico ( HEI ) said Monday its Electronic Technologies subsidiary bought roughly 88% of Mid Continent Controls, a manufacturer of in-cabin components for business jets.

Financial terms weren't disclosed.

Heico ( HEI ) said it anticipates the deal will be accretive to its earnings within the year.

Price: 260.89, Change: -4.07, Percent Change: -1.54

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