HEICO Corporation's Mid Continent Controls (MC2) subsidiary has acquired all of the ownership interests of Rosen Aviation for a cash consideration paid at closing. Further terms and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following acquisition. The transaction marks HEICO's fourth acquisition in the past six months.

Eugene, Oregon-based Rosen designs and manufactures in-flight entertainment products, principally in-cabin displays and control panels, for the business and VVIP aviation markets. The company will operate as a wholly-owned subsidiary of MC2, which is a niche designer and manufacturer specialising in proprietary in-cabin power and entertainment components and subsystems for business jets.

The two businesses believe they can achieve important synergies, including, but not limited to, offering a larger set of aircraft interior IFE solutions by integrating their respective products to offer state-of-the art designs and equipment to aircraft manufacturers, operators, completion centres and sub-system suppliers.

Lee Clark, senior vice president strategy at Rosen Aviation says: "Joining the HEICO and Mid-Continent group signals a seismic shift for both Rosen and our capabilities, and how we can expand the cutting edge solutions we design and deliver that ultimately redefine the passenger experience. Leveraging Rosen’s more than 45 years of expertise, now supported and in collaboration with two renowned entities in aviation technology, the future looks increasingly bright. I join our valued customers and partners in shared excitement for what’s just beyond the horizon.”

Founded 45 years ago in 1980, Rosen enjoys a unique pedigree in the business and VVIP aircraft markets through its widely recognised and innovative product lines installed as standard equipment on a significant aircraft base of both in-production and legacy aircraft.

MC2 and Rosen are part of the HEICO Electronic Technologies Group's Radiant Power family of companies. Thomas Hemphill, MC2's president, will lead both businesses.