HEICO Corporation Acquired Capewell’s Aircraft Cockpit Emergency Egress and Aerial Delivery Solutions
HEICO Corporation’s Flight Support Group acquired the Aerial Delivery and Descent Devices divisions of Capewell Aerial Systems (“Capewell”), a leading provider of proprietary aircraft cockpit emergency egress and aerial delivery products for various commercial aerospace and defense uses. It is a critical supplier to a wide-ranging customer base that includes leading OEMs, end-users, and distributors. Capewell’s highly engineered product portfolio encompasses emergency descent devices (“EDDs”), personnel and cargo parachute products, heavy airdrop platforms, and other products.
HEICO Corporation’s Subsidiary Exxelia Acquired 70% of SVM Private Limited
HEICO Corporation announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited. Exxelia is part of HEICO’s Electronic Technologies Group. SVM’s management retains the remaining 30% ownership. Based in Chennai, India, SVM is a leading designer and manufacturer of high-performance electronic passive components and sub-systems, including critical magnetic components and busbars, specifically serving the healthcare and industrial end-markets.