B/E Aerospace Inc. (Nasdaq: BEAV), Wellington, FL, a manufacturer of aircraft cabin interior products and aerospace fasteners distributor, has agreed to acquire EMTEQ Inc., New Berlin, WI, a manufacturer of aircraft interior and exterior lighting systems, as well as aircraft cabin management and power systems, and F+E Fischer + Entwicklungen GmbH & Co. KG, a German manufacturer of seating products for civilian helicopters.
“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,” B/E Aerospace CEO Amin Khoury said.
The acquisition of Fischer will provide substantial engineering, manufacturing and marketing synergies, Khoury said.
The total acquisition purchase price for both companies is $470 million. EMTEQ and Fischer combined had latest 12 months ended March 31, 2014, revenues of $150 million.