Heico subsidiary Mid Continent Controls has purchased “all the ownership interests” of business aviation in-flight entertainment (IFE) products manufacturer Rosen Aviation. Eugene, Oregon-based Rosen Aviation makes in-cabin displays and control panels, including large displays and digital windows and skylights for VVIP jets for aftermarket and aircraft manufacturer customers.
The acquisition was for cash, and the terms of the deal were not disclosed. In addition to Rosen Aviation, Heico bought three other companies in the past six months, including Mid Continent Controls, Capewell Aerial Systems, and Millennium International. Heico also manufactures parts, and its Heico Parts Group is “the world’s largest independent provider of FAA-PMA approved engine and component parts,” according to the company.
According to Heico, the Rosen Aviation acquisition should be accretive to Heico's earnings within the year following the purchase. Thomas Hemphill, president of Heico Electronics Group’s Radiant Power division, will lead Rosen Aviation and Mid Continent Controls, which are now part of that group.
“The two businesses believe they can achieve important synergies, including, but not limited to, offering a larger set of aircraft interior IFE solutions [and] integrating their respective products to offer state-of-the-art designs and equipment to aircraft manufacturers, operators, completion centers, and sub-system suppliers.”