Technology giant Honeywell has signed an agreement to buy Satcom1, 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 company said as it announced the deal at the NBAA business aviation show in Las Vegas today.. The transaction is expected to be completed by the end of 2015.
Satcom 1 has a major sales office in Dubai. It is an existing distribution partner for Honeywell’s JetWave 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.
“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.
“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,” he said.
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