M&A Deal Summary

Honeywell Acquires COM DEV International - Satellite Equipment Business

On November 5, 2015, Honeywell acquired technology hardware company COM DEV International - Satellite Equipment Business from Com Dev International for 455M CAD

Acquisition Highlights
  • This is Honeywell’s 1st transaction in the Technology Hardware sector.
  • This is Honeywell’s largest (disclosed) transaction.
  • This is Honeywell’s 2nd transaction in the United States.

M&A Deal Summary

Date 2015-11-05
Target COM DEV International - Satellite Equipment Business
Sector Technology Hardware
Buyer(s) Honeywell
Sellers(s) Com Dev International
Deal Type Divestiture
Deal Value 455M CAD

Target

COM DEV International - Satellite Equipment Business

United States
COM DEV International - Satellite Equipment Business is a satellite and space components provider.

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Buyer(S) 1

Buyer

Honeywell

Minneapolis, Minnesota, United States

Category Company
Sector Diversified
DESCRIPTION

Honeywell Inc. was a former manufacturer of electronic controls. In 1999, Allied Signal acquired Honeywell and changed the name of the combined company to Honeywell International.


DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-13 Duracraft

Southborough, Massachusetts, United States

Duracraft Corporation is a manufacturer of such home products as heaters, vaporizers and humidifiers.

Buy $283M

Seller(S) 1

SELLER

Com Dev International

Cambridge, Ontario, Canada

website


Category Company
Founded 1974
Sector Electrical Equipment
Employees1,100
Revenue 221M USD (2024)
DESCRIPTION

COM DEV International Ltd. is a global designer and manufacturer of space hardware. We are world leaders in the production of space-qualified passive microwave equipment, specialized electronics and optical subsystems.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Pacific Wave Systems

Garden Grove, California, United States

Pacific Wave Systems, Inc. manufacturer of waveguides for the global satellite industry.

Buy $40M