HEICO Corporation has released that its Buc, France-based 3D PLUS subsidiary has acquired substantially all of the assets and business of Bretigny-sur-Orge, France-based BERNIER, SAS in an all cash transaction. 3D PLUS is part of HEICO's Electronic Technologies Group.
No further financial details were disclosed, but HEICO expects the acquisition to be accretive to its earnings within the first 12 months after closing.
Founded in 1933, BERNIER is a French designer and manufacturer of interconnect products used in demanding defense, aerospace and industrial applications, primarily for communications-related purposes. BERNIER's products are sold mostly within France, the European Community, Asia, the Middle East and the USA.
The business will continue to operate under the BERNIER name and in its current engineering and production facility located in Bretigny-sur-Orge. Further, BERNIER, 3D PLUS and HEICO stated that they do not expect any staff turnover from among BERNIER's approximately 40 talented Team Members to result from the acquisition.
