LAS VEGAS, Nov. 16, 2015 /PRNewswire/ -- Honeywell (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
distribution partner for Honeywell's JetWave™ terminals and
Inmarsat's GX Aviation program. The company provides in-flight
airtime, satellite communications services and software for private
business aircraft, and government and head of state aircraft and
helicopters. Satcom1's 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.
"Demand for in-flight Internet and Wi-Fi connectivity is rapidly
growing and Satcom1 will strengthen Honeywell's position as a
complete provider and integrator of satellite communications
equipment, software applications and global airtime services," said
Tim Mahoney, president and CEO of
Honeywell Aerospace. "Honeywell is already uniquely placed across
the entire value chain of a thriving $8
billion in-flight connectivity segment, making the
acquisition of Satcom1 an excellent fit with our business. The
addition of Satcom1 significantly bolsters our connectivity
portfolio and enhances our growing software engineering expertise.
Our customers will benefit from our ability to now offer a complete
suite of connectivity solutions, with a much greater global
reach."
Satcom1 boosts Honeywell's already vast Aerospace Services
business, which provides flight support services and applications
for pilots, operators, jet owners and airlines that span flight
planning, weather information, fuel savings, maintenance service
plans, health check ups and more. In addition, integrating
Satcom1 software with existing Honeywell hardware technologies to
design customized next-generation communication and network systems
will deliver a stronger connectivity experience to Honeywell
customers.
"Strengthening Honeywell's connectivity offerings with the
addition of Satcom1 provides existing and future customers access
to a full suite of connectivity offerings throughout their
aircraft. Together, we will have a worldwide sales and support
presence, facilitating customer interactions and improving the
ability to provide customers a greater variety of voice and data
solutions to meet their growing demand," said Søren Elmann
Ingerslev, chairman of Satcom1.
Satcom1 is headquartered in Copenhagen, Denmark. The company also operates
a research and design and support center at Le Bourget Airport in
Paris, and sales and consultancy
offices in Dubai, United Emirates
and San Antonio, Texas. The
acquisition will broaden Honeywell's presence in Europe and more easily expand Honeywell
connectivity offerings around the world.
Supporting Resources
- Read more about Satcom1
- Learn more about Honeywell's Connectivity Services
- Read more about Honeywell Aerospace on the Follow The Aero
blog
- Like Honeywell Aerospace on Facebook
- Follow @Honeywell_Aero on Twitter
- Subscribe to Honeywell's Corporate RSS feed
Honeywell Aerospace products and services are found on virtually
every commercial, defence and space aircraft, and its turbochargers
are used by nearly every automaker and truck manufacturer around
the world. The Aerospace business unit develops innovative
solutions for more fuel efficient automobiles and airplanes, more
direct and on-time flights, safer flying and runway traffic, along
with aircraft engines, cockpit and cabin electronics, wireless
connectivity services, logistics and more. The
business delivers safer, faster, and more efficient and
comfortable transportation-related experiences worldwide. For more
information, visit www.honeywell.com or follow us at
@Honeywell_Turbo and @Honeywell_Aero.
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. For more news and information on Honeywell, please visit
www.honeywellnow.com.
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