Radiant Power Corp. has announced the acquisition of Spectralux Corp.´s human-machine interface product line, the company said.
Radiant Power Corp. is a subsidiary of HEICO Corp. Electronic Technologies Group (NYSE: HEI.A) (NYSE: HEI).
Radiant Power acquired Spectralux Corp. in an all cash transaction. Terms of the transaction were not disclosed.
HEICO said that it expects the acquisition to be accretive to its earnings within a year following the purchase. The purchase is HEICO´s seventh acquisition in the past year.
A leader in its field, the HMI Product Line, which has a significant installed base and is standard equipment on numerous in-production commercial transport aircraft, designs, manufactures, and repairs flight deck annunciators, panels, indicators, and illuminated keyboards, as well as lighting controls, and flight deck lighting.
Radiant Power and sister company Dukane Seacom are focused on the design and manufacture of emergency power/battery backup, power distribution and controls, flight deck displays and electronics, passenger comfort, emergency underwater locator beacons, and emergency locator transmitters for the aerospace and military markets.
HEICO Corp. is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group.