Honeywell Agrees To Acquire CAES Systems Holdings LLC From Private Equity Firm Advent International For ~$1.9B In An All-Cash Transaction

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Honeywell International Inc.

HON

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Headquartered in Arlington, Va., CAES (formerly known as Cobham Advanced Electronic Solutions) has 13 facilities in North America, including highly automated manufacturing facilities with fully automated test and tuning processes. The acquisition will add approximately 2,200 employees and a deep bench of RF engineering talent.

The CAES transaction, which is expected to be adjusted earnings per share accretive in the first full year of ownership, is not subject to any financing conditions and is expected to close in the second half of 2024.

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