Honeywell acquires Civitanavi Systems SpA for €200m, enhancing its autonomous operations in aviation and vehicles.
Honeywell International has agreed to buy Italy's Civitanavi Systems SpA for about €200 million ($217 million), as the global defense industry faces various strategic challenges. The acquisition will help Honeywell strengthen its capabilities in autonomous operations in aviation and other vehicles. Civitanavi Systems provides position navigation and timing technology for aerospace, defense, and industrial markets.
March 27, 2024
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