3 June 2014
B/E Aerospace, Inc. (NASDAQ: BEAV) said it has signed a definitive agreement to acquire EMTEQ, Inc., a provider of aircraft interior and exterior lighting systems and aircraft cabin management and power systems.
The company also said it has signed a definitive agreement to acquire F+E Fischer + Entwicklungen GmbH and Co.
Amin J. Khoury, chairman and chief executive officer of B/E Aerospace said, “Demand for comprehensive and integrated solutions for power management, lighting and connectivity within the aircraft cabin is growing, and the acquisition of EMTEQ will enable us to offer more comprehensive solutions. Customers value the ability to partner with a company that can deliver turn-key solutions.”
The total acquisition purchase price for both companies is approximately USD470m.
B/E Aerospace is a manufacturer of aircraft cabin interior products and a provider of aerospace fasteners, consumables and logistics services. Its website is at www.beaerospace.com.