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Announced

Honeywell to acquire TruTrak Flight Systems.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
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EV/EBITDA-
Share Price Premium-
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Tags

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autopilot

Acquisition

aircraft components

United States

Pending

Software

Majority

Private

aircraft system

Natural

Single Bidder

Synopsis

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Honeywell, a technology company that delivers industry-specific solutions has acquired privately-held​ TruTrak Flight Systems, a leader in autopilots for experimental, light-sport and certified aircraft. Financial terms were not disclosed. The acquisition will become part of Honeywell's BendixKing business, helping to deliver affordable technologies to the experimental and general aviation markets. This market has grown by double digits over the past five years. "Honeywell and BendixKing's capabilities in the aerospace industry will accelerate the continued development of the products TruTrak has built from the ground up" Andrew Barker Chief Executive Officer of TruTrak.

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