Honeywell (NYSE: HON) said it has acquired privately held Aviaso, an international aviation software company that offers fuel efficiency and emissions savings software to the airline industry.
Terms of the deal are not being disclosed.
Aviaso´s software products gather data on aircraft usage and identify and communicate the ways airline customers can save fuel consumption through a simple, intuitive software interface. Fuel consumption can make up as much as 20 to 40 percent of an airline´s operating costs, and even single-digit percent efficiency improvements can save airlines tens of millions of dollars in fuel spending. Aviaso also provides software for emissions reporting as well as consulting and training for fuel efficiency and emissions management.
The company´s products and services will strengthen Honeywell´s comprehensive services offerings, and take advantage of existing connectivity, maintenance and flight plan operations businesses.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials.