M&A Deal Summary

Innovative Solutions & Support Acquires Honeywell International - Communication & Navigation Product Lines

On July 25, 2024, Innovative Solutions & Support acquired communications company Honeywell International - Communication & Navigation Product Lines from Honeywell

Acquisition Highlights
  • This is Innovative Solutions & Support’s 1st transaction in the Communications sector.
  • This is Innovative Solutions & Support’s 2nd transaction in the United States.
  • This is Innovative Solutions & Support’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2024-07-25
Target Honeywell International - Communication & Navigation Product Lines
Sector Communications
Buyer(s) Innovative Solutions & Support
Sellers(s) Honeywell
Deal Type Divestiture

Target

Honeywell International - Communication & Navigation Product Lines

Charlotte, North Carolina, United States
Honeywell International's Communication & Navigation Product Lines provides exclusive Intellectual Property rights to manufacture, upgrade and repair additional Honeywell Communication and Navigation products.

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Buyer(S) 1

Buyer

Innovative Solutions & Support

Exton, Pennsylvania, United States

Category Company
Founded 1988
Sector Aerospace
Employees95
Revenue 35M USD (2023)
DESCRIPTION

Innovative Solutions & Support is a systems integrator that designs and manufactures cost effective NextGen flight navigation systems and precision flight instrumentation equipment for the aerospace industry. Innovative Solutions & Support was founded in 1988 and is based in Exton, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Divestiture) 2 of 2
State (North Carolina) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Honeywell International - Product Lines

Charlotte, North Carolina, United States

Honeywell International's Product Lines includes inertial, communication and navigation product lines based in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

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 10 of 11
Sector (Communications) 1 of 1
Type (Divestiture) 8 of 9
State (North Carolina) 2 of 3
Country (United States) 7 of 8
Year (2024) 1 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-22 Honeywell - Personal Protective Equipment

Charlotte, North Carolina, United States

Honeywell's Personal Protective Equipment business is a global provider of PPE for industrial workers, offering a comprehensive and differentiated product portfolio that serves a diverse and resilient set of growing customers and end markets.

Sell $1.3B