B/E Aerospace To Buy Two Aerospace Manufacturing Businesses - Quick Facts

(RTTNews) - B/E Aerospace, Inc. (BEAV), a manufacturer of aircraft cabin interior products and provider of aerospace fasteners, consumables and logistics services, has agreed to acquire EMTEQ, Inc., a provider of aircraft interior and exterior lighting systems, as well as aircraft cabin management and power systems. Further, the company announced signing a definitive deal to buy F+E Fischer + Entwicklungen GmbH & Co. KG, a manufacturer of seating products for civilian helicopters.

Commenting on the acquisition, B/E Aerospace's Chairman and Chief Executive stated: "The combination of our lighting and power management systems business with EMTEQ's highly complementary lighting, cabin management and power systems businesses, as well as their electrical and connectivity expertise, will allow us to expand our product and service offerings in the commercial airliner and business jet markets. This acquisition will allow B/E Aerospace to provide complete aircraft lighting and engineering integration solutions, allowing technology crossover and additional product and service offerings in numerous aircraft platforms. We also expect significant product development, manufacturing and operational synergies."

The total acquisition purchase price for both companies is nearly $470 million. The transactions are not expected to be accretive to 2014 earnings per share, but to become accretive in 2015 and to become strongly accretive in 2016. The EMTEQ transaction may close this month, whilst the Fischer transaction is likely to close around the beginning of the third quarter of 2014.