Posted on: 11 November 2015 by Ross McSweeny
Honeywell has signed a definitive agreement to acquire COM DEV International, a satellite and space components provider, to expand its space and connectivity portfolio.
COM DEV's equipment can be found on more than 950 spacecraft and 80% of all commercial communication satellites. The company holds over 250 patents and employs approximately 1250 people with facilities in Canada, China, India, the United Kingdom and the United States. Upon closing, COM DEV will be part of Honeywell's Defense and Space business and grow connectivity initiatives across the division's air transport, business aviation and helicopter customers.
Specifically, the company provides Honeywell with a broader offering to customers launching satellite payloads and enables further expansion into emerging low orbit and small satellite constellations. COM DEV also provides Honeywell's space business new, differentiated products including commercial grade, high performance switches and associated equipment.
“COM DEV is a terrific fit for Honeywell, growing our existing space and connectivity businesses and expanding our global reach to new international customers,” explained Honeywell Aerospace’s president and CEO, Tim Mahoney. “COM DEV's differentiated technologies and strong position in the growing connectivity industry make the company an attractive addition to our business. We are equally excited about what we can bring to COM DEV, specifically our broad product portfolio, deep industry expertise and relationships, global sales force and brand, and our proven Honeywell Operating System. We are confident that all of our key processes and initiatives will be immediate differentiators for COM DEV.”
With the acquisition, Honeywell also hopes to enter into the growing Radio Frequency technology market for data networking satellites and communications.