HEICO Corporation’s Electronic Technologies Group announced its acquisition of Gables Engineering, a leading designer and manufacturer of advanced avionics controls. This cash transaction is expected to boost HEICO’s earnings within a year.
Founded in 1946 and based in Coral Gables, FL, Gables Engineering employs over 200 professionals and is known for innovations such as touchscreen cockpit displays for Boeing aircraft. Its product range includes navigation, audio, surveillance, and communication panels for various aircraft.
Both companies’ leadership expressed optimism about the partnership’s role in enhancing American manufacturing and engineering. The acquisition will also enable continued investments in research and development for flight deck technologies.
HEICO Corporation is a diversified company providing products and services across aviation, defense, space, medical, telecommunications, and electronics industries.
KEY QUOTES:
“Gables Engineering is a natural fit for HEICO’s culture of performance, innovation, and long-term growth. Located close to HEICO’s headquarters and numerous other HEICO facilities, this acquisition reinforces our commitment to investing in high-quality, American manufacturing and engineering excellence.”
Laurans A. Mendelson, HEICO’s Executive Chairman, along with Eric A. Mendelson and Victor H. Mendelson, the company’s Co-Chief Executive Officers
“We are excited to join the HEICO family. This partnership will support and grow Gables Engineering’s research and development investments in flight deck technologies. We believe that this partnership will enhance value for our customers worldwide, and we look forward to seeing how partnering with other members of the HEICO family will help us continue to meet our customers’ needs and build on Gables Engineering’s established reputation for excellence in the avionics field.”
Andrew M. Jackson, representing Gables Engineering’s senior leadership
