U.S. aerospace and defense supplier Heico has bought Bernier, a French provider of communications-related goods and services, for an undisclosed amount of cash.
Bernier will continue to operate under its own name and in its current engineering and production facility located in Bretigny-sur-Orge, France. Bernier and Heico further stated they do not expect any staff turnover from among Bernier’s roughly 40 employees as a result from the acquisition.
Heico’s Buc, France-based 3D Plus subsidiary acquired “substantially all” of the assets and business of Bernier in the all-cash transaction, Heico said July 2. 3D Plus is part of Heico’s Electronic Technologies Group division.
“We have great respect for Bernier and its entire team,” Laurans Mendelson, Heico’s chairman and CEO, and Victor Mendelson, co-president and head of Electronic Technologies jointly remarked. “For 86 years, they have been serving their customers with excellent products and top-notch service, so this is exactly the kind of company that belongs in Heico.”
Bernier General Manager Dominque Gaucher said, “We are very pleased to have 3D Plus and Heico as our new partners. Bernier’s employees, including its management team, strongly supported the 3D Plus/Heico purchase because of their culture and the way they do business. We look forward to a strong future together.”