ROLLE, Switzerland,
Sept. 17, 2015 /PRNewswire/ --
Honeywell (NYSE: HON) has acquired privately held Aviaso, an
international aviation software company that offers fuel efficiency
and emissions savings software to the airline industry. Terms of
the deal are not being disclosed.
Aviaso's software products gather data on aircraft usage and
identify and communicate the ways airline customers can save fuel
consumption through a simple, intuitive software interface. Fuel
consumption can make up as much as 20 to 40 percent of an airline's
operating costs, and even single-digit percent efficiency
improvements can save airlines tens of millions of dollars in fuel
spending. Aviaso also provides software for emissions reporting as
well as consulting and training for fuel efficiency and emissions
management.
The company's products and services will strengthen Honeywell's
comprehensive services offerings, and take advantage of existing
connectivity, maintenance and flight plan operations
businesses.
"Aviaso brings new products to our broad aerospace services
offerings, along with several opportunities for Honeywell to offer
our airline customers a full suite of services that improve
aircraft performance and safety," said Carl
Esposito, vice president, Marketing and Product Management
at Honeywell Aerospace. "This acquisition strengthens Honeywell's
leadership in delivering energy-efficient solutions to our airlines
customers, and adds increasingly valuable fuel management services
to our growing services portfolio."
"Honeywell is a pioneer in the aviation industry, and we are
excited to add our capabilities to its suite of services," said
Rudolf Christen, chief executive
officer of Aviaso. "Combining our technologies and experienced
teams will result in new products that help airlines around the
globe realize fuel-efficiency savings."
In addition to strengthening Honeywell's product portfolio, the
acquisition also broadens the company's presence in Europe and the global locations where Aviaso
operates with an opportunity for further expansion in other mature
and high-growth regions. Headquartered in Zurich, Switzerland, Aviaso also operates a
software development facility in Sofia,
Bulgaria.
Supporting Resources
Honeywell Aerospace products and services are found on virtually
every commercial, defense and space aircraft, and its turbochargers
are used by nearly every automaker and truck manufacturer around
the world. The Aerospace business unit develops innovative
solutions for more fuel efficient automobiles and airplanes, more
direct and on-time flights, safer flying and runway traffic, along
with aircraft engines, cockpit and cabin electronics, wireless
connectivity services, logistics and more. The
business delivers safer, faster, and more efficient and
comfortable transportation-related experiences worldwide. For more
information, visit www.honeywell.com or follow us at
@Honeywell_Turbo and @Honeywell_Aero.
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes and industry; turbochargers; and performance
materials. For more news and information on Honeywell, please visit
www.honeywellnow.com.
Honeywell and the Honeywell logo are the exclusive properties of
Honeywell, are registered with the U.S. Patent and Trademark
Office, and may be registered or pending registration in other
countries. All other Honeywell product names, technology names,
trademarks, service marks, and logos may be registered or pending
registration in the U.S. or in other countries. All other
trademarks or registered trademarks are the property of their
respective owners. Copyright 2015 Honeywell.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual result,s, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Photo - http://photos.prnewswire.com/prnh/20150916/267455
Logo - http://photos.prnewswire.com/prnh/20080425/LAF040LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/honeywell-boosts-aerospace-portfolio-with-acquisition-of-aviaso-300144733.html
SOURCE Honeywell