M&A Deal Summary

Honeywell Acquires Cobham Advanced Electronic Solutions

On June 20, 2024, Honeywell acquired semiconductors company Cobham Advanced Electronic Solutions from Cobham for 1.9B USD

Acquisition Highlights
  • This is Honeywell’s 3rd transaction in the Semiconductors sector.
  • This is Honeywell’s 6th largest (disclosed) transaction.
  • This is Honeywell’s 55th transaction in the United States.
  • This is Honeywell’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2024-06-20
Target Cobham Advanced Electronic Solutions
Sector Semiconductors
Buyer(s) Honeywell
Sellers(s) Cobham
Deal Type Divestiture
Deal Value 1.9B USD

Target

Cobham Advanced Electronic Solutions

Arlington, Virginia, United States
Cobham Advanced Electronic Solutions (CAES) is a provider of RF, microwave and millimeter wave, microelectronic and digital solutions for aerospace and defense industry. CAES is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 83 of 84
Sector (Semiconductors) 3 of 3
Type (Divestiture) 11 of 12
State (Virginia) 3 of 3
Country (United States) 55 of 56
Year (2024) 2 of 3
Size (of disclosed) 6 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Civitanavi

Pedaso, Italy

Civitanavi designs, develops, and manufactures aircraft parts. The Company offers technology solutions of inertial navigation, geo reference, and stabilization systems for both industrial and defense use. Civitanavi was founded in 2012 and is based in Pedaso, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Air Products - Liquefied Natural Gas Process Technology & Equipment Business

Allentown, Pennsylvania, United States

Air Products' Liquefied Natural Gas (LNG) Process Technology & Equipment Business provides a comprehensive portfolio, including in-house design and manufacturing of coil-wound heat exchangers (CWHE) and related equipment. CWHEs provide natural gas in a single exchanger with a small footprint and robust, reliable, and safe operations both onshore and offshore.

Buy $1.8B

Seller(S) 1

SELLER

Cobham

Dorset, United Kingdom
Category Company
Founded 1934
Sector Defense
Revenue 1.9B GBP (2018)
DESCRIPTION

Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Dorset, United Kingdom.

DEAL STATS #
Overall 11 of 11
Sector (Semiconductors) 1 of 1
Type (Divestiture) 11 of 11
State (Virginia) 2 of 2
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Cobham Aviation Services Australia s Special Mission business

Australia

Cobham Aviation Services Australia's Special Mission business provides airborne border surveillance and search and rescue services to the Australian Federal Government. Cobham Aviation Services Australia's Special Mission business is based in Australia.

Sell -
Mergr

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