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Exxelia joins Heico Corporation group

Exxelia is turning a page in its shareholder history and should join the American group HEICO Corporation via its subsidiary Electronic Technologies Group (ETG).

The transaction will be carried out with IK Partners, majority shareholder of Exxelia since 2015, and should take place before the end of the first quarter of 2023.

 

Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, along with Victor H. Mendelson, HEICO's Co-President and CEO of its Electronic Technologies Group, commented, "We are ecstatic that such a fine company, with its remarkable team members, management and products, will be part of HEICO, and we look forward to welcoming all of Exxelia's great people to the HEICO family. While furthering HEICO's strategy of expanding our already impressive range of mission-critical and Hi-Rel components for the most demanding applications, Exxelia also provides HEICO with added broad geographic and product diversity, including in the important European market."

 

Paul Maisonnier, CEO of Exxelia, commented, "We are excited to embark on a new stage of development with HEICO. We really appreciate the values of the Mendelson Family, which match perfectly those of Exxelia. Our goal to develop Exxelia into a world leader in Hi-Rel passive components and sub-systems for harsh environments, serving the aeronautic, defense, space and medical markets will be accelerated under the HEICO umbrella. Together we will strengthen our innovation and operational capabilities and accelerate our internationalisation strategy. We thank IK for their support over the past years, which has enabled us to establish a solid platform to support our ambitions for global growth."

 

Dan Soudry, Managing Partner at IK Partners and Advisor to the IK VII Fund, and Diki Korniloff, Partner at IK Partners, added: "As shareholders of Exxelia since 2015, we are very pleased to have been able to support its very talented management team through the various stages of transformation, structuring and growth of the Company, doubling its employee base to more than 2,100 people and leading to a strong increase in investment in R&D and in its manufacturing footprint. Notably, we believe that HEICO is an excellent home for Exxelia given that they share common values and we are very pleased HEICO is acquiring Exxelia. We'd like to take this opportunity to wish the team and HEICO all the very best for the future."

 

 

About HEICO Corporation

HEICO Corporation 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. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers.

For more information about HEICO, please visit website : www.heico.com.

Published on 24 Aug 2022 by Stephane PERES

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Exxelia acquires Deyoung MFG., INC.

“The DMI acquisition directly supports our Magnetics SBU expansion strategy. DMI’s strategic location in the Pacific Northwest aerospace market provides a key geographic location for driving growth and profitability,” said François Vignaud, Exxelia Magnetics’ SBU VP. “DMI is highly regarded for the quality of its products and the operational performance of its organization. DMI products can be found on most major commercial aerospace platforms, supporting in flight power, lighting and entertainment sub-systems.” “We welcome DMI into the Exxelia Group,” said Exxelia USA President Michael Thomas. “During its 40-plus years in business, DMI has built solid customer relationships with a strong brand reputation in the aerospace, medical and other high-reliability magnetics markets. Acquiring DMI creates the potential for both revenue and cost synergies related to cross selling and procurement savings as we leverage Exxelia Group’s broader global supply chain and operational excellence practices to support DMI’s operations.” According to Martin DeYoung, President & CEO of DMI, “We are excited to now be a part of Exxelia’s growth and expanded product offerings. The DeYoung’s recognized a shared business culture driven by a passion for quality and customer loyalty. By joining Exxelia Group we achieve a goal of meeting our strategic growth objectives while protecting our long standing relationships with our key aerospace customers and their contract manufacturers.” “This acquisition addresses our aerospace customers increasing requirements for global manufacturing access and timely support” stated Eric DeYoung, VP of Operations at DMI. “Together, we have global reach with the capability to serve our customers – whatever their size, location, or aerospace industry sector with one of the most comprehensive and competitive groups of design and manufacturing capabilities.”
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