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

Exxelia brand celebrates its 10-year anniversary!

Exxelia brand celebrates its 10-year anniversary!  @Exxelia #poweringperformance #Exxelia10years Paris, France - August 29th 2019 – Exxelia, a leading global designer and manufacturer of highly engineered passive components and electromechanical solutions, celebrates the 10-year anniversary of its brand by confirming its market growth. The group Exxelia was born from the merge of five long-established companies with complementary activities and know-how (Eurofarad, Firadec, Sic Safco, Microspire and Astema). Today, Exxelia counts thirteen manufacturing sites located in France, the United States, Vietnam and Morocco. Embedded into the most advanced commercial aircrafts, the latest generation of fighter jets, onboard the most prestigious space exploration missions such as ChangE4 and Insight, Exxelia products have always been the trusted choice where the environment is harsh and reliability a must. Paul Maisonnier, CEO of Exxelia says: “Over the past 10 years, Exxelia has double its revenue thanks to organic growth and strategic acquisitions. We are proud to be recognized as a leading designer and manufacturer of standard and custom solutions with a worldwide reputation for performance and quality.” Looking ahead, Exxelia focuses on expanding its international presence to become the pure player world leader of complex passive components for high reliability applications. To see Exxelia’s latest success stories, visit https://www.linkedin.com/company/ #poweringperformance