Civitanavi Systems: Honeywell to acquire Civitanavi Systems
Honeywell has revealed its intention to acquire the entire share capital of Civitanavi Systems. 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). The acquisition will further strengthen Honeywell's capabilities to [...]
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Civitanavi Systems is an Italy-based company that manufactures inertial navigation, georeferencing, and stabilization systems for sectors including aerospace and automotive.
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