HEICO’s Electronic Technologies Group has acquired approximately 93% of the stock of Apex Microtechnology (Apex) in an all cash transaction. Members of Apex’s management own the balance of the firm. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the purchase. Further financial terms and details were not disclosed. Tucson, AZ-based Apex designs and manufactures precision power analogue monolithic, hybrid and open frame components for a certain wide range of aerospace, defence, industrial, measurement, medical and test applications. Among Apex’s most recognized products are high-end Power Operational Amplifiers, PWM Amplifiers and Voltage
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