Heico headquarters in Hollywood, Fla.
Image credit: Google Maps.

[Via Satellite 09-16-13] Heico Corporation has entered into a definitive agreement to acquire Lucix Corporation, a designer and manufacturer of high performance, high reliability microwave modules, units, and integrated sub-systems for commercial and military satellites. The purchase will be made for an undisclosed amount of cash to be paid at closing and future potential cash payments if Lucix should meet certain performance criteria. Lucix’s financial information was not disclosed.

Heico expects the acquisition to be accretive to its earnings within the first year following the acquisition. The acquisition is subject to expiration of the regulatory waiting period and is expected to close within 60 days.

Founded in 1999, Lucix’s products include converters, receivers, transmitters, amplifiers, frequency sources and related sub-systems that address all major satellite frequencies including UHF, L-, S-, C-, Ku-, Ka-, and Q-bands. The majority of its revenue is derived from commercial satellite payload hardware and its products can be found on more than 40 orbiting Geosynchronous Orbit satellites.