Héroux-Devtek’s Acquisition by Platinum Equity Receives Full Regulatory Approval

Heroux-Devtek ( (TSE:HRX) ) has issued an update.

Héroux-Devtek has announced the acquisition by Platinum Equity has received all necessary regulatory approvals, including the foreign direct investment approval from the Spanish Council of Ministers. With the required approvals in place, the company expects to complete the arrangement by February 11, 2025, signaling a significant step forward in its strategic operations.

More about Heroux-Devtek

Héroux-Devtek Inc. is an international manufacturer specializing in aerospace products, with a focus on the design, development, manufacturing, repair, and overhaul of aircraft landing gear, hydraulic and electromechanical actuators, custom ball screws, and fracture-critical components. As the third-largest landing gear company globally, it serves both the defense and commercial sectors, with significant sales in the United States and facilities in Canada, the United States, the United Kingdom, and Spain.

YTD Price Performance: -0.31%

Average Trading Volume: 29,402

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.07B

For detailed information about HRX stock, go to TipRanks’ Stock Analysis page.