Honeywell announces acquisition of Civitanavi Systems to expand autonomous operations offerings and European footprint
Mar 27, 2024•over 1 year ago
Acquiring Company
Honeywell
Acquired Company
Civitanavi Systems S.p.A
NavigationAerospaceManufacturing
Description
Honeywell has announced the intention to acquire Civitanavi Systems S.p.A. in a voluntary tender offer. The acquisition is aimed at strengthening Honeywell's capabilities in creating autonomous operations in aircraft and vehicles while expanding its European footprint. This strategic move will allow Honeywell to offer a broader set of technologies to its customers globally, aligning with the future of aviation and automation megatrends.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed