HEICO (HEI) Unit Completes Acqusition of Switchcraft Subsidiary

HEICO Corporation (NYSE: HEI) reports its Electronic Technologies Group has completed the acquisition of Switchcraft, Inc., through the purchase of all of the stock of Switchcraft's parent company, Switchcraft Holdco. On October 20, 2011, HEICO announced that it had entered into an agreement to acquire Switchcraft.

Financial terms were not disclosed, but HEICO reiterated that it expects the acquisition to be accretive to its earnings per share.

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