B/E Aerospace to buy two aircraft parts makers for $470 million

by Boeing from press release

2014/06/02 | 253 words | AVIATION WORLD NEWS | INDUSTRY / TECHNOLOGY

B/E Aerospace Inc, a maker of products for aircraft interiors, said it would buy two companies for about $470 million to boost its offerings to manufacturers of commercial airliners, helicopters and business jets.

The company said on Monday it would acquire Wisconsin-based Emteq Inc, a provider of aircraft lighting systems, and F+E Fischer + Entwicklungen GmbH & Co KG, a German manufacturer of helicopter seats.

B/E Aerospace had mentioned these deals in April, when it reported its first-quarter results.

Analysts said they don't think the deals would complicate the strategic review the company is undergoing.

B/E Aerospace in May made a surprise announcement of reviewing strategic options, including a sale, merger or a spinoff of some businesses.

"We don't think completion of these transactions should have a major impact on where the stock will be over the next 6-12 months given the focus is likely to be on how its exploration of strategic options plays out," RBC Capital Markets analyst Robert Stallard said in a note on Monday.

B/E Aerospace said the two companies had a combined revenue of about $150 million in the 12 months ended March 31 and that the deals would add to its earnings in 2015 and 2016.

The company will take a one-time charge of about $10 million related to the deals in the second quarter ending Aug. 31.

The Emteq deal will close in June, while the Fischer transaction will close in the third quarter, B/E Aerospace said.

The company's shares were down about 1 percent at $95.86 on the Nasdaq on Monday.

Aviation and aerospace newsletter

Sign up for free
to the weekly newsletter!

In the same theme:


Lufthansa realigns Executive Board
2019/12/05 | AEROCONTACT | INDUSTRY / TECHNOLOGY

-     Christina Foerster and Michael Niggemann join Executive Board-     Addition of new board-level positi...


Lockheed Martin Appoints Steve Froelich As Vice President Of Rotary And Mission Systems (RMS) Operations For Australia And New Zealand, And Programme Executive For AIR6500
2019/11/28 | AEROCONTACT | INDUSTRY / TECHNOLOGY

Lockheed Martin has appointed Mr. Steve Froelich as the vicepresident of Rotary and Mission Systems operations for Australia and New Zealand, andProgramme Executive fo...


Airbus and Strata celebrate 10-years of partnership shaping UAE’s aerospace industry
2019/11/28 | AEROCONTACT | INDUSTRY / TECHNOLOGY

Airbus celebrates 10-years of partnership with Strata shaping the UAE’s aerospace industry, highlighting key milestones achieved with the UAE-based manufacturer ...

See also:


Fuselage of new Boeing 777X ruptured in pressure tests
2019/11/28 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

The fuselage of one of Boeing's new 777X aircraft completely ruptured in pressure tests in September, a previously unreported major setback that could delay the arriv...


2019/11/13 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one...


2019/10/31 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Boeing announced Thursday up to 50 of its popular 737NG planes had been grounded after cracks in them were detected, in another blow to the US aircraft maker followin...