Technology giant Honeywell has agreed to acquire privately-held Satcom1, a leading provider of on board communications routing software and a satellite communications provider of airtime and consulting services, in a bid to boost its in-flight internet and air-time connectivity offerings. Financial terms of the deal were not disclosed.
The deal will enable Honeywell to offer operators seamless experience with an all-on-one connectivity solution spanning routing software, airtime, hardware equipment, avionics, flight support services and applications. The deal will also strengthen and broaden Honeywell’s presence in Europe and more easily expand Honeywell’s offerings in the market.
Denmark-based Satcom1 is a leading provider of routing software that optimizes the in-flight connectivity experience. Satcom1 provides all-in-one connectivity solution, in-flight airtime, spanning routing software, hardware equipments, flight support services, satellite communication services and software for business, private, and government aircraft. The company is also an existing distributor partner for Honeywell’s JetWave terminals and Inmarsat’s GX Aviation program.
Tim Mahoney, President and CEO Honeywell Aerospace, said in a statement: “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."
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Headquartered in Copenhagen, Denmark, Satcom1 is an aeronautical satellite solutions provider. The company’s high-speed solutions provide real-time, reliable Internet connection and Wi-Fi cockpit communication that help pilots fly more safely and smoothly, and keep aircraft passengers connected in the air. In addition, Satcom1 also provides consulting services and develops specialized software and networks designed for mission-specific communication needs. Satcom1 operates a research and design facility, as well as support center in Le Bourge Airport in Paris, France. It also operates sales and consultancy offices in Dubai, United Arab Emirates and San Antonio, Texas.
Søren Elmann Ingerslev, Chairman of Satcom1, said in a statement: "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."
Honeywell is expected to benefit from this smart acquisition. Honeywell plans to integrate its hardware technologies with Satcom1’s software to build customized next-generation communication and network systems, and deliver a much stronger connectivity experience to market.
Headquartered in New Jersey, United States, Honeywell International Inc. is a Fortune 100 diversified technology and manufacturing company that produces a variety of commercial and consumer products, engineering services, control technologies for building, and aerospace systems for wide variety of customers.
Image credit: Honeywell and 50 SkyShades
Wednesday, November 18, 2015
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