Honeywell announced that it has signed an agreement to acquire privately-held Satcom1, the leading provider of on board communications routing software and a satellite communications provider of airtime and consulting services. The acquisition positions Honeywell to offer operators a seamless experience with an all-in-one connectivity solution spanning routing software, airtime, hardware equipment, avionics, flight support services and applications. Revenues for 2015 are expected to be approximately $25 million. The transaction is expected to close by the end of 2015.
Satcom1 is the leading provider of routing software that optimizes the in-flight connectivity experience and an existing distribution partner for Honeywell's JetWave™ terminals and Inmarsat's GX Aviation program. The company provides in-flight airtime, satellite communications services and software for private business aircraft, and government and head of state aircraft and helicopters. Satcom1's high-speed solutions provide real-time, reliable Internet and Wi-Fi cockpit communications that help pilots fly more safely and efficiently, and keep passengers connected in the air. Satcom1 also provides consulting services and develops specialized software and networks designed for mission-specific communication needs, such as in combat situations.
"Demand for in-flight Internet and Wi-Fi connectivity is rapidly growing and Satcom1 will strengthen Honeywell's position as a complete provider and integrator of satellite communications equipment, software applications and global airtime services," said Tim Mahoney, president and CEO of Honeywell Aerospace. "Honeywell is already uniquely placed across the entire value chain of a thriving $8 billion in-flight connectivity segment, making the acquisition of Satcom1 an excellent fit with our business. The addition of Satcom1 significantly bolsters our connectivity portfolio and enhances our growing software engineering expertise. Our customers will benefit from our ability to now offer a complete suite of connectivity solutions, with a much greater global reach."