On Thursday, February 4, 2016, Honeywell (NYSE:HON) completed the previously announced acquisition by plan of arrangement of COM DEV International Ltd. (TSX:CDV), a leading satellite and space components provider of switches and multiplexers.
COM DEV will be part of Honeywell’s Defense and Space business and will drive continued growth across Honeywell’s connectivity initiatives, benefiting the company’s military, civilian and commercial aviation customers. The acquisition complements Honeywell’s existing space business and enhances its radio frequency and microwave engineering competencies.
The advancements in technology that have been developed, and that will continue to be developed, by Honeywell as a result of the acquisition of COM DEV should be noted. The acquisition will provide Honeywell’s commercial and government customers access to one of the broadest space satellite equipment portfolios in the industry.
Honeywell was represented by a team from WeirFoulds LLP that was led by Steven Rukavina and Wayne Egan, and included Conor Dooley, Ian Mitchell, Fraser Bush, Jennie Baek, Zachary Goldenberg (corporate and securities), Nikiforos Iatrou (competition), Maralynne Monteith, Ryan Morris (tax), Danny Nunes (insolvency), Richard Arezes (commercial real estate), Karsten Lee (leasing), Abdul-Basit Khan (“ABK”) (employment), and Ann Lattanzio, Jim Dublack, Irene MacLeod, Eva Lombardi, and Ruth De Sousa (law clerks).
Please click here to read the release on the Honeywell website.
Please click here to read “Honeywell acquires COM DEV’s space and hardware systems business, COM DEV spins out exactEarth” on the Lexpert website.
Please click here to access “Lexpert: Key players and figures in Honeywell, Com Dev deal” on The Globe and Mail website.