June 2, 2014

B/E Aerospace agrees to acquire two aerospace manufacturing businesses

B/E Aerospace has signed a definitive agreement to acquire EMTEQ, a provider of aircraft interior and exterior lighting systems, as well as aircraft cabin management and power systems. The Company also has signed a definitive agreement to acquire F+E Fischer + Entwicklungen GmbH & Co. KG (Fischer) the leading manufacturer of seating products for civilian helicopters. The total acquisition purchase price for both companies is approximately $470m. EMTEQ and Fischer combined had latest 12 months ended March 31, 2014 revenues of approximately $150m. The transactions are not expected to be accretive to 2014 earnings per share, but to become accretive in 2015 and to become strongly accretive in 2016. Transaction expenses of approximately $10m will be a one-time charge in the second quarter of 2014. The EMTEQ transaction is expected to close in June, while the Fischer transaction is expected to close around the beginning of the third quarter of 2014, subject to regulatory approvals.



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