HEICO Acquires Leading Electronic Component Radiation Test and Software Company - Seite 2

The Chatrys will continue leading TRAD in their same positions post-closing and HEICO stated that it does not expect any staff turnover to result from the acquisition. Further, HEICO commented that TRAD will remain in its existing facilities.

"We are excited to embark on a new stage of development with HEICO. We really appreciate the values of the Mendelson Family, which match perfectly those of TRAD. Our goal to develop TRAD into a world leader in radiation effect for microelectronic devices and sub-systems for harsh environments, serving the aeronautic, defense, space and medical markets will be accelerated under the HEICO and 3D PLUS impulse."

Laurans A. Mendelson, HEICO's Chairman and Chief Executive Office, along with Victor H. Mendelson, HEICO's Co-President and CEO of its Electronic Technologies Group, commented, "TRAD is a truly unique and special company which fits perfectly with our Company. The opportunity to work with TRAD's talented and highly-respected team is exciting. We are delighted to have Christian and Nathalie Chatry, along with all of TRAD's Team Members, join the HEICO family."

Pierre Maurice Co-Founder and CEO of HEICO's Buc, France-based 3D PLUS subsidiary, commented, "We became well-acquainted with TRAD as a customer over many years in which we were deeply impressed by their services and software which we used for our own components that we make for satellites and spacecraft. This relationship and 3D PLUS' experience with TRAD led to a mutual desire between TRAD and 3D PLUS for the company to be acquired by 3D PLUS. We are eager to be joined and to do exceptional work together."

3D PLUS is a French Medium enterprise, world leader in the design and manufacturing of high-performance and high reliability components miniaturized with its unique 3D vertical interconnect technology. With more than 200,000 modules into space and a production of more than 30,000 space qualified modules per year in its facility nearby Paris, 3D PLUS provides all stakeholders of the global space industry for over 20 years for telecommunications applications, Earth observation, navigation, launchers and human spaceflight, science missions, small satellites and constellations.