M&A Deal Summary

Innovative Solutions & Support Acquires Honeywell International - Product Lines

On July 10, 2023, Innovative Solutions & Support acquired technology hardware company Honeywell International - Product Lines from Honeywell

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

M&A Deal Summary
Date 2023-07-10
Target Honeywell International - Product Lines
Sector Technology Hardware
Buyer(s) Innovative Solutions & Support
Sellers(s) Honeywell
Deal Type Divestiture

Target

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.

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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 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 2
State (North Carolina) 1 of 2
Country (United States) 1 of 2
Year (2023) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 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.

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 9 of 11
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 7 of 9
State (North Carolina) 1 of 3
Country (United States) 6 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 SCADAfence

New York, New York, United States

SCADAfence is a provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. The company brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs. SCADAfence is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 Global Access Solutions

Palm Beach Gardens, Florida, United States

Global Access Solutions is a provider of advanced access and security solutions, electronic locking systems, and contactless mobile key solutions.

Buy $5.0B
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