Within days of announcing a major merger with French ground support equipment (GSE)company Teleflex-Lionel-Dupont (TLD), Heico has revealed two new cash deals to buy engine parts makers. It will pay $41 million for McClain International, which serves the general aviation market, and $15 million for PTM International, which serves airlines. The units bring sales of some $15 million to the Heico Aerospace unit, itself 20% held by Lufthansa Technik. TLD also has $145 million in GSE sales.
Source: Flight International
