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HEI - HEICO subsidiary acquires Charter Engineering
Heico Corporation
HEICO ( HEI ) subsidiary dB Control acquired 100% of the stock of Charter Engineering for cash at closing.
Company expects the acquisition to be accretive to its earnings within the year following the acquisition.
Charter will operate as part of HEICO Electronic Technologies Group's dB Control subsidiary, which has been growing its RF and Microwave component business, and Charter will complement dB's switch offering that was added through its Paciwave acquisition last year.