HIGHLAND HEIGHTS, Ohio -- A subsidiary of the Heico Corp.'s Flight Support Group has acquired Optical Display Engineering in an all cash transaction.
The deal will see Heico assume 100 percent of ODE's business and assets, though full details of the acquisition were not disclosed.
ODE, currently based in Irvine, Calif., is a Federal Aviation Administration-authorized Part 145 repair station that specializes in the repair of LCD screens and modules used in aircraft displays.
The company will be relocated to Highland Heights, Ohio, with Heico Flight Support Group's Inertial Aerospace Services FAA/EASA repair station.
"Two years ago, we began the successful integration of select inertial reference capabilities into IAS as a licensee of Northrop Grumman, and we are excited to broaden Heico's avionics and aviation electronics expertise," said Laurans Mendelson, co-president and CEO of Heico's Flight Support Group. "ODE continues our strategy of expanding our repair and PMA capabilities serving airlines, OEMs and independent repair stations with innovative solutions."
