Aerospace manufacturer B/E Aerospace has signed a definitive acquisition agreement with the shareholders of TSI Group (TSI).
TSI provides fully-integrated, thermal management and interconnect solutions to address complex power management requirements of OEMs in the aerospace industry, enabling B/E Aerospace to provide advanced, integrated electronics packaging for aircraft cabin interior products.
This product line expansion also will enhance our ability to serve OEMs and global airline customers in the commercial aerospace industry, says B/E Aerospace.
The transaction is expected to close in the fourth quarter of 2010 and is subject to customary regulatory approvals.
The acquisition is expected to be neutral to B/E Aerospace 2011 net earnings, and accretive to net earnings thereafter.
Amin J Khoury, chairman and CEO of B/E Aerospace says: "To integrate advanced power management technology coupled with industry-leading thermal packaging designs into current and future cabin interior products and systems uniquely positions B/E Aerospace to solve the growing demand for sophisticated power management solutions in aircraft cabin interior products."
Source: Air Transport Intelligence news
