HEICO expects the acquisition to be accretive to its earnings within the first year following the closing.
Quell designs and manufactures EMI/RFI and transient protection solutions, and employs ~55 people.
Kevin Foreman will continue to lead Quell’s management with Scott Lindberg, sales & marketing chief.
Mr. Foreman and Mr. Lindberg will also together continue to be significant Quell owners, holding 19.9% of the company after the closing.
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