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Albuquerque manufacturer acquired in all-cash deal

HEICO, which now owns over 80 percent of Quell, does not expect any workforce turnover or relocation of the manufacturer’s operations, a news release says. The all-cash deal, further terms of which were undisclosed, adds 55 employees to Heico’s workforce.

A representative from Quell was unavailable for immediate comment. The company was founded in 1994…

Source: The Business Journal

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