dB Control Acquires Paciwave, Inc.

Fremont, Calif.–  dB Control, an international defense electronics manufacturer and subsidiary of HEICO Corporation (NYSE: HEI.A) (NYSE: HEI), has acquired 100% of Paciwave, Inc. for cash paid at closing. The acquisition will add specialized RF and microwave components – as well as integrated microwave subsystems – to dB Control’s existing product line for military organizations, major defense contractors and commercial OEMs. These new products will be designed and manufactured specifically for defense and complex electronics applications that require PIN diode switches, PIN attenuators, PIN limiters, switching assemblies and integrated subsystems.

“I’m pleased to have found the right home for Paciwave. Having known and worked with dB Control for years, I believe dBC will support our customers and our people very well,” said Paciwave Founder and President Parimal Kadakia.

Paciwave will operate as part of dB Control and will relocate to its 40,000 sq. ft. facility in Fremont, CA. Most of Paciwave’s team will remain with the business.

“Paciwave’s mission-critical products and reputation for excellent quality are welcome additions to HEICO and dB Control as we continue to expand our already substantial product offering. Parimal Kadakia built a very special business and we’re honored to have it as part of our company,” said dB Control President Mike England.

This is dB Control’s second acquisition in two years.

About dB Control
Established in 1990, dB Control Corp., a subsidiary of HEICO Corp., supplies mission-critical, often sole-source, products worldwide to military organizations, as well as to major defense contractors and commercial manufacturers. The company designs and manufactures reliable high-power TWT Amplifiers (TWTAs), microwave power modules (MPMs), transmitters, and high-voltage power supplies with modulators for radar, electronic countermeasures (ECM), and datalink applications. dB Control is ISO 9001:2015 certified. The company offers specialized contract manufacturing, transformer winding and testing, full vacuum encapsulation, pressure cure, conformal coating and repair depot services from its modern 40,000-square-foot facilities in Fremont, California. With the acquisition of TTT-Cubed in 2019, dB Control now offers: Instantaneous Frequency Measurement Units (IFM), Frequency Locked Oscillators (FLO), Digital Control Units (DCU), Antenna Control Units (ACU) and Integrated DCUs. More information about dB Control is available by phone or email: +1 (510) 656-2325, info@dBControl.com.

dB Control Contact: Steve Walley, dB Control, 510-656-2325
Media Contact: Vanessa Bradford, C3PR, 209-505-3690

Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements as a result of factors including, but not limited to: the severity, magnitude and duration of the COVID-19 Pandemic; HEICO's liquidity and the amount and timing of cash generation; lower commercial air travel caused by the COVID-19 Pandemic and its aftermath, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; our ability to make acquisitions and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; economic conditions within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues; and defense spending or budget cuts, which could reduce our defense-related revenue. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.