Zinger Key Points
- HEICO acquires Rosen Aviation to enhance in-flight entertainment: The deal strengthens HEICO's position in the business jet market.
- Fourth acquisition in six months for HEICO: This move continues HEICO's aggressive growth strategy.
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On Monday, HEICO Corporation HEI announced that it had acquired Rosen Aviation, LLC, for an undisclosed cash consideration. HEICO's subsidiary, Mid Continent Controls, Inc. (MC2), finalized the deal, with financial specifics remaining confidential.
HEICO expects the transaction to boost its earnings in the year following the acquisition. This move marks HEICO's fourth acquisition in the past six months, further consolidating its position in the aviation industry. HEICO reports.
The acquisition centers around Rosen Aviation, based in Eugene, Oregon, which specializes in the design and manufacture of in-flight entertainment (IFE) products, such as in-cabin displays and control panels, specifically for business and VVIP aviation markets.
Rosen will now operate as a wholly-owned subsidiary of MC2, a company renowned for designing and manufacturing power and entertainment components for business jets. Both companies anticipate significant synergies, with plans to integrate their IFE solutions and offer advanced designs to aircraft manufacturers, operators, and other industry stakeholders.
Founded in 1980, Rosen Aviation has long been a key player in the business and VVIP aviation markets. It is known for its innovative product lines, which are widely used as standard equipment in numerous aircraft, both new and legacy models.
The acquisition is part of HEICO's broader strategy to enhance its portfolio of aviation and aerospace products and services. As a leading player in niche segments such as aviation, defense, and electronics, HEICO continues to expand its presence in the global aerospace market.
HEICO held Cash and cash equivalents of $165.47 million as of January 31, 2025.
Price Action: HEI shares are trading lower by 4.06% to $234.80 at the last check Monday.
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