Honeywell Strengthens In-Flight Internet, Airtime Connectivity Offerings With Satcom1 Acquisition
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Honeywell (HON) Enters Agreement to Acquire Satcom1
November 16, 2015 7:15 AM ESTHoneywell (NYSE: HON) announced that it has signed an agreement to acquire privately-held Satcom1, the 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 $25 million. The transaction is expected to close by the end of 2015.
Satcom1 is the leading provider of routing software that optimizes the in-flight connectivity experience and an existing... More
