September 21, 2015
GCA Altium advises Aviaso on its sale to Honeywell
GCA Altium acted as exclusive financial adviser to the shareholders of Aviaso, a big data analytics software company that offers fuel efficiency and emissions savings solutions to the global airline industry, on its sale to Honeywell. This transaction represents GCA Altium’s 7th software deal in 2015.
Aviaso’s software suite gathers data from various IT systems on aircraft usage and enables identification and communication of the ways airline customers can save fuel consumption through a simple, intuitive software interface. Resulting from its technology leadership, Aviaso was able to rapidly grow its customer base over the last years. Aviaso’s software suite is used by over 20 airline customers with a total of over 1,000 aircraft including global blue-chip customers such as Lufthansa.
Headquartered in Zurich, Switzerland, Aviaso also operates a software development facility in Sofia, Bulgaria.
Honeywell International Inc. (NYSE:HON) 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. Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft.
The acquisition will strengthen Honeywell’s comprehensive services offerings and its leadership in delivering energy-efficient solutions to airlines customers, and takes advantage of existing connectivity, maintenance and flight plan operations businesses.
GCA Altium acted as sole financial adviser in this transaction. Terms of the deal are not disclosed.