Honeywell to Acquire CAES Systems Holdings from Advent International for $1.9 Billion

Honeywell to Acquire Civitanavi for €200 Million to Expand Aerospace Navigation for Autonomous Operations

March 28, 2024

Aerospace & Defense

Honeywell announced it has agreed to buy Civitanavi for €200 million in a deal based on a €6.30 per-share bid. The acquisition will combine Civitanavi’s inertial technologies and sensors with Honeywell’s aerospace navigation and automation platforms to broaden aerospace navigation solutions and expand offerings in the European Union. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.

Advent Agrees to Acquire Coherent Aerospace and Defense Business

August 18, 2025

Aerospace & Defense

Coherent has agreed to sell its Aerospace and Defense business to Advent for $400 million. The proceeds are intended to reduce Coherent’s debt and improve earnings per share, while Advent plans to support the business’s strategic growth as a standalone entity.

CAES Acquires Colorado Engineering, Inc.

October 1, 2021

Aerospace & Defense

CAES has acquired Colorado Engineering, Inc. (CEI), a Colorado Springs-based provider of RF and high-performance computing (HPC) solutions, to broaden CAES' digital systems engineering and manufacturing capabilities. The acquisition combines CAES' RF, microwave and manufacturing expertise with CEI's digital systems, radar, communications and AI/ML capabilities to better serve defense and commercial customers.

Cadence Design Systems to Acquire BETA CAE Systems for About $1.24 Billion

March 6, 2024

Software

Cadence Design Systems has entered into a definitive agreement to acquire BETA CAE Systems International AG for approximately $1.24 billion. The deal combines cash and Cadence stock and is expected to close in Q2 2024, subject to regulatory approvals and customary closing conditions.

Honeywell Acquires Sparta Systems for $1.3 Billion

December 22, 2020

Software

Honeywell has agreed to acquire Sparta Systems from New Mountain Capital for $1.3 billion in an all-cash transaction. Sparta Systems is a provider of enterprise quality management software (QMS) and a next-generation SaaS platform for the life sciences industry; Honeywell will integrate Sparta into Honeywell Forge to expand its life sciences and software capabilities.

Madison Dearborn Partners and CoVant Management Acquire AEVEX Aerospace

March 9, 2020

Aerospace & Defense

Madison Dearborn Partners and CoVant Management have agreed to acquire majority ownership of AEVEX Aerospace from Trive Capital. AEVEX is a provider of full‑spectrum airborne intelligence, surveillance, and reconnaissance (AISR) technology solutions to the U.S. Department of Defense, Special Operations, and the Intelligence Community; the company employs approximately 600 people and maintains offices across multiple U.S. states. The transaction is expected to close by the end of Q1 2020, and AEVEX's founder‑management team will retain a significant ownership stake.