Honeywell acquires Aviaso
Honeywell has acquired Aviaso, an international aviation software company that offers fuel efficiency and emissions savings software to the airline industry. Aviaso’s software products gather data on aircraft usage and identify and communicate the ways airline customers can save fuel consumption through a simple, intuitive software interface.
Carl Esposito, vice president, marketing and product management, Honeywell Aerospace said, “Aviaso brings new products to our broad aerospace services offerings, along with several opportunities for Honeywell to offer our airline customers a full suite of services that improve aircraft performance and safety. This acquisition strengthens Honeywell’s leadership in delivering energy-efficient solutions to our airlines customers, and adds increasingly valuable fuel management services to our growing services portfolio.”
Fuel consumption can make up as much as 20 to 40 per cent of an airline’s operating costs, and even single-digit per cent efficiency improvements can save airlines tens of millions of dollars in fuel spending. Aviaso also provides software for emissions reporting as well as consulting and training for fuel efficiency and emissions management.
In addition to strengthening Honeywell’s product portfolio, the acquisition also broadens the company’s presence in Europe and the global locations where Aviaso operates with an opportunity for further expansion in other mature and high-growth regions. Headquartered in Zurich, Switzerland, Aviaso also operates a software development facility in Sofia, Bulgaria.
Rudolf Christen, chief executive officer, Aviaso said, “Combining our technologies and experienced teams will result in new products that help airlines around the globe realise fuel-efficiency savings.”
Terms of the deal have not being disclosed.