Honeywell has agreed to acquire Satcom1, a routing software provider, in a bid to boost its in-flight internet, air-time connectivity offerings.
The acquisition will enable Honeywell to strengthen its position as a more complete and global provider of in-flight satellite/connectivity in a growing $8bn market.
Satcom1 provides all-in-one connectivity solution, spanning routing software, air-time, hardware equipment, flight support services and applications.
The company also delivers in-flight air-time, satellite communications services and software for business, private, and government aircraft and helicopters.
Pilots will able to fly smoothly and safely with the help of real-time internet services and Wi-Fi communications at the cockpit, while passengers remain connected with the world even when travelling.
Honeywell Aerospace president and CEO Tim Mahoney said: "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 air-time services.
"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."
Honeywell's Aerospace Services business is also expected to benefit from the acquisition, while the company's hardware technologies can be integrated with Satcom1 software to design customised next-generation communication and network systems and deliver a stronger connectivity experience to customers.
With headquarters located in Copenhagen, Denmark, Satcom1 has a research and design and support centre at Le Bourget Airport in Paris and sales and consultancy offices in Dubai, UAE and San Antonio, US.