HONEYWELL INTERNATIONAL INC acquired Aviaso, a transaction announced in September 17, 2015, structured as Acquisition of privately held company; terms undisclosed.
Aviaso operates in Aerospace, is based in Switzerland (Zurich) and Bulgaria (Sofia). Aviaso, founded in 2007 with about 40 employees in Zurich, Switzerland and Sofia, Bulgaria, made fuel-efficiency and emissions-reporting software used by roughly 20 airlines. Its software gathers aircraft-usage data and identifies fuel-saving opportunities; Honeywell added it to its Aerospace portfolio to strengthen connected-aircraft fuel-management offerings.
Enhance Honeywell Aerospace's fuel-efficiency and emissions-management software for airlines, where fuel can be 20-40% of operating costs.
Advisory firms were not disclosed for this transaction.