US company HEICO has bought controlling interests in two more manufacturing groups using cash, the company announced on 24 August. HEICO will be adding Midwest Microwave Solutions and Astroseal Manufacturing in a pair of deals, the terms of which were not disclosed. HEICO will take an 80.1% stake in Midwest Microwave Solutions, which specialises in radio frequency and microwave hardware used by the US intelligence community to intercept signals. The residual 19.9% will remain in the hands of the company's founders.
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