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