HONEYWELL INTERNATIONAL INC acquired IAC (Intelligent Automation Corporation), a transaction announced in June 2008, structured as Acquisition (terms undisclosed).
IAC (Intelligent Automation Corporation) operates in Aerospace (Defense & Space), is based in United States (Poway, California). The 2008 Honeywell target commonly abbreviated 'IAC' was Intelligent Automation Corporation of Poway, California, a supplier of Health and Usage Monitoring Systems (HUMS) and on-board diagnostic systems for military and commercial helicopters, fixed-wing aircraft, UAVs and ground vehicles. Honeywell's Defense & Space business acquired it to strengthen its aircraft diagnostics and prognostics expertise.
Adds HUMS / on-board diagnostics and prognostics technology to Honeywell's aerospace platforms for military and commercial customers.
Advisory firms were not disclosed for this transaction.