Update: Honeywell finalised its acquisition of Satcom1 on 10 December 2015.
Honeywell signed an agreement in November 2015 to acquire privately-held Satcom1, the business aviation connectivity specialist and satellite communications airtime provider.
Satcom1 is a provider of routing software and an existing distribution partner for Honeywell’s JetWave terminals and Inmarsat’s GX Aviation programme.
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 also provides consulting services and develops specialised software and networks designed for mission-specific communication needs, such as in combat situations.
Tim Mahoney, President and CEO of Honeywell Aerospace, said: “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.
”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.”
Satcom 1’s revenues for 2015 are expected to be approximately $25 million and the transaction is expected to close by the end of 2015.
Satcom1 is headquartered in Copenhagen, Denmark. The company also operates a research and design and support centre at Le Bourget Airport in Paris, and sales and consultancy offices in Dubai, United Emirates and San Antonio, Texas.
Honeywell says the acquisition will broaden its presence in Europe and more easily expand its connectivity offerings around the world.