HONEYWELL TO ACQUIRE CIVITANAVI SYSTEMS TO STRENGTHEN AUTONOMOUS OPERATIONS OFFERINGS IN AEROSPACE AND EXPAND EUROPEAN FOOTPRINT

March 27, 2024

https://www.prnewswire.com/news-releases/honeywell-to-acquire-civitanavi-systems-to-strengthen-autonomous-operations-offerings-in-aerospace-and-expand-european-footprint-302100637.html

CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ — Honeywell (NASDAQ: HON) today announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. (Civitanavi or the Company) (Euronext Milan Exchange: BIT: CNS). Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing).

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