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Honeywell To Acquire Italian PNT Company To Bolster Autonomous Capabilities

Cal Biesecker By
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Honeywell To Acquire Italian PNT Company To Bolster Autonomous Capabilities
Italy’s Civitanavi is a vertically-integrated developer and manufacturer of inertial sensors. Photo: Civitanavi

Honeywell [HON] on Wednesday said it has agreed to acquire Italy’s Civitanavi Systems S.p.A., a provider of position, navigation, and timing (PNT) technology to the aerospace, defense, and industrial markets, a deal that adds new technology to its product portfolio that will strengthen its ability to help customers for autonomous operations. The $217 million deal is expected to close in the third quarter subject to clearing anti-trust authorities, approvals in Italy, the United Kingdom, and Canada related to foreign direct…

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