Heico Corp. Hei, +8.20% has announced a deal to purchase Wencor Group. The company is valued at 2,05 billion dollars. Affiliates of Warburg Pincus’ investor and Wencor management have agreed to the acquisition. Heico agreed to pay $1.9 billion cash and $150,000,000 in Heico common stocks. Heico, which produces products for the aerospace, space, defence, medical, telecommunications, and electronics industries said that it believes the acquisition would increase its earnings in the year following the closing. This is expected to happen by the end 2023. Heico’s shares were still inactive on the premarket. Laurans Mendelson, Heico’s Chief Executive Officer, said that the Wencor acquisition expands Heico‚Äôs aftermarket offerings and allows us to provide even more savings to our customers while increasing our capacity to develop new products and services. Heico shares are up 8.0% in the past year, while S&P 500 SPX, -0.04% is up 7.4%.