3D Plus, one of our suppliers, recently acquired TRAD, a leading electronic component radiation test and software company. This company is highly specialized in field of radiation engineering, which is primarily used in the space, nuclear, and medical fields. This change, according to HEICO’s 3D Plus subsidiary company, is a perfect fit for the company, and we would like to devote our news article to it.
On Monday, October 3, HEICO announced its subsidiary 3D Plus has acquired radiation testing company TRAD in an all-cash deal. The aerospace products company stated it expects the purchase to be accretive to earnings a year after the deal closes. However, the financial terms of the deal were not disclosed but shares of HEICO gained 1.6% in recent trading amid a broadly firmer market.
What made 3D Plus (HEICO) make this decision?
TRAD was founded in 1994 and has since established itself as an important industry leader in understanding radiation’s and other condition’s impact on electronic components. Customers of TRAD include the world’s leading space agencies, major satellite integrators, and a diverse range of subsystem and electronic component manufacturers.
HEICO believes TRAD is the most advanced and exhaustive independent business of its kind. Therefore, HEICO’s Chairman and Chief Executive Office, along with other members, commented, “TRAD is a truly unique and special company which fits perfectly with our Company.” On the other hand, TRAD goal is to develop into a world leader in radiation effect for microelectronic devices and sub-systems for harsh environments, serving the aeronautic, defense, space and medical markets will be accelerated under the HEICO and 3D PLUS Impulse.
Do you want to learn more about our long-term supplier, 3D Plus? Click here.
Forward-thinking statements from HEICO
Although this new acquisition for HEICO would accretive to earnings in a year, the recent announcement contained forward-looking statements that are subject to risks, uncertainties, and contingencies.
The severity of the Covid-19 pandemic, lower commercial air travel and thus airline purchasing decisions, may lower demand for our goods and services. On the other hand, the ability to introduce new products and services at a profitable pricing level could increase sales. As a result, parties receiving products or materials are encouraged to review all of HEICO’s securities and exchange commission policies and procedures, including filling out various forms.
Expando’s partners and suppliers
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