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

March 28, 2024

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.

Buyers
Honeywell
Targets
Civitanavi
Sellers
Civitanavi's controlling shareholder (approximately 66% of Civitanavi outstanding shares)
Location
Italy
Transaction Type
Buyout

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