Announced
Financials
Sources
Tags
Electronic Equipment: Other
Acquisition
Public
Pending
Italy
inertial navigation
stabilization systems
Cross Border
Majority
Tender Offer
Friendly
Single Bidder
Synopsis
Honeywell, an American multinational conglomerate company that produces commercial and consumer products, engineering services and aerospace systems, offered to acquire Civitanavi Systems, a company that designs, develops, manufactures and services inertial navigation and stabilization systems, for €200m. "By integrating Civitanavi's inertial technologies and sensors across Honeywell's existing commercial, military, space and industrial platforms, our customers across the globe will now have access to a more robust portfolio of aerospace navigation solutions in support of their journey toward autonomous operations," Jim Currier, Honeywell Aerospace Technologies President & CEO.
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