MIAMI - The Electronic Technologies Group of HEICO Corp has completed its acquisition of AeroAntenna Technology Inc. The deal is HEICO's largest-ever acquisition.
In August 2017, HEICO had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire AeroAntenna. The purchase was completed under the previously announced terms.
Based in Chatsworth, California, AeroAntenna designs and produces active antenna systems for defense applications, precision-guided munitions, commercial aircraft, and other uses. The company's numerous antenna types include GPS, aircraft navigation, and satellite communications antennas.
HEICO said that AeroAntenna will continue to operate in its current location with its current management team in place, and that it does not expect any material staff turnover to result from the acquisition.
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