Heico (HEI) said Wednesday its Exxelia unit purchased a 90% ownership stake in CalRamic Technologies using cash paid at closing.

No financial details were provided.

The transaction is expected to be accretive to earnings within a year of closing, Heico said.

A Nevada-based manufacturer, CalRamic produces high-voltage ceramic capacitors for aerospace, defense, alongside industrial applications, and will retain its founder and existing employees, the company said.