Honeywell (NYSE: HON) said it has signed an agreement to acquire privately held Satcom1, a leading provider of on board communications routing software and a satellite communications provider of airtime and consulting services.
The acquisition positions Honeywell to offer operators a seamless experience with an all-in-one connectivity solution spanning routing software, airtime, hardware equipment, avionics, flight support services and applications. Revenues for 2015 are expected to be approximately USD25 million. The transaction is expected to close by the end of 2015.
Satcom1 provides in-flight airtime, satellite communications services and software for private business aircraft, and government and head of state aircraft and helicopters. Its high-speed solutions provide real-time, reliable Internet and Wi-Fi cockpit communications that help pilots fly more safely and efficiently, and keep passengers connected in the air. Satcom1 also provides consulting services and develops specialized software and networks designed for mission-specific communication needs, such as in combat situations.
Honeywell is a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials.