HEICO Acquires Leading Electronic Component Radiation Test and Software Company

3D PLUS subsidiary acquires TRAD

LABEGE, FRANCE and MIAMI, FL / ACCESSWIRE / October 3, 2022 / HEICO Corporation today announced that its 3D PLUS subsidiary acquired TRAD SAS ("TRAD") for all cash consideration paid at closing. 3D PLUS is part of HEICO's Electronic Technologies Group. Further financial details were not disclosed.

HEICO stated that it expects the acquisition to be accretive to its earnings within a year after closing.

Labege, France-based TRAD is a leader in the highly specialized field of radiation engineering, which includes test and simulation of radiation effects on electronic components and materials, developing and providing software for radiation testing and effects modeling, and sourcing/screening radiation tolerant and radiation hardened components for its customers. TRAD's services and products are used primarily in the space, nuclear and medical fields.

HEICO believes TRAD is the most advanced and exhaustive independent business of its kind. TRAD's internal testing capabilities include GAMRAY - Gamma (Co60) radiation, ISO 1702, Pulsed laser, VASCO -Californium (Cf252) source, UV mean, Thermal cycling, solar protons, SWIPI - Solar protons simulator, VEISPA - Radiation belts electron generator, along with access to external facilities for heavy ions, protons, neutrons, high dose rate gamma and other modalities. Examples of tests TRAD offers are Total Ionizing Dose ("TID"), Single Event Effects ("SEE") and Total Non-Ionizing Dose ("TNID").

TRAD's customers include the world's leading space agencies, major satellite integrators, and a multitude of subsystems and electronic components manufacturers. TRAD proudly collaborates with many prestigious research laboratories and universities.

TRAD was founded in 1994 and built up by its CEO, Dr. Christian Chatry, and, soon after, by the Company's now Vice President of Operations, Dr. Nathalie Chatry. The Chatrys added critical capabilities and established TRAD in an important industry place for understanding radiation's and other conditions' impact on electronic components. TRAD employs approximately 75 people at its Labege and Montpellier, France facilities. Nearly two-thirds of TRAD's Team Members are degreed engineers and the Company counts 15 PhD-holders among them.