Honeywell, an American conglomerate, has initiated an acquisition offer on Civitanavi System, headquartered in Marche. Although a startup at its core, Civitanavi System is regarded internationally as a crown jewel of its industry due to its specialization in the design and manufacture of technological systems for the defense and aerospace sectors. Practically, its engineers can stabilize military aircraft and missiles, track their position and orientation, and are working on a system for self-driving missions. The US group will pay 6.3 euros per share, for a total of approximately 200 million euros, which is small in comparison to its financial might, but it is clearly a strategic acquisition. Jim Currier, president and CEO of Honeywell Aerospace Technology, expressed his satisfaction that Civitanova's technologies ("talented team," he called them) will allow the company to provide additional aerospace services and solutions to its customers in the European Union. In short, the Americans are buying an Italian company to broaden their military equipment offering for sale in Europe. Civitanavi was formed in 2012 by Andrea Pizzarulli, a 48-year-old engineer who relocated to Silicon Valley during the internet bubble and returned determined to put his expertise to good use. The listing on the main list of the Stock Exchange occurred less than two years ago. Now the government must give its approval to the deal.
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