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)
- Industry
- Aerospace & Defense
- Location
- Italy
- Transaction Type
- Buyout
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