Honeywell 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(TM) 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
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