HONEYWELL TO ACQUIRE CIVITANAVI SYSTEMS TO STRENGTHEN AUTONOMOUS OPERATIONS OFFERINGS IN AEROSPACE AND EXPAND EUROPEAN FOOTPRINT
The acquisition will further strengthen Honeywell's capabilities to help its customers create autonomous operations in aircraft and other vehicles.
- The acquisition will further strengthen Honeywell's capabilities to help its customers create autonomous operations in aircraft and other vehicles.
- It also supports Honeywell's alignment of its portfolio around three compelling megatrends, including the future of aviation and automation.
- Civitanavi's product offerings of inertial navigation, geo reference and stabilization systems will complement technologies in Honeywell's existing navigation and sensors business.
- Bird & Bird is acting as legal counsel to Honeywell in the acquisition process, while UniCredit is acting as financial advisor.