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home / news releases / HEI - HEICO subsidiary signs asset purchase and exclusive license for Honeywell's product line

HEI - HEICO subsidiary signs asset purchase and exclusive license for Honeywell's product line

Heico Corporation

2023-04-03 09:08:12 ET

  • HEICO ( NYSE: HEI ) announced that its Dukane Seacom subsidiary entered into an exclusive license and acquired key assets for the Aircraft Emergency Locator Transmitter product line from Honeywell International.
  • The transaction was structured as an exclusive perpetual license and asset purchase and is expected to be accretive to its earnings in the year post closure.
  • Transaction terms and financial details remain undisclosed.
  • The transaction provides Dukane Seacom with all rights to produce, sell and repair both fixed and portable Honeywell ELTs, as well as various support equipment.

For further details see:

HEICO subsidiary signs asset purchase and exclusive license for Honeywell's product line
Stock Information
Company Name: Heico Corporation
Stock Symbol: HEI
Market: NYSE
Website: heico.com
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