Honeywell International Inc. is set to acquire CAES Systems Holdings LLC from Advent International for approximately $1.9 billion. The acquisition is being advised by Skadden, a prominent law firm.

This strategic move will enhance Honeywell's capabilities in the aerospace and defense sectors. CAES Systems, known for its advanced systems engineering, will complement Honeywell's existing portfolio.

Advent International, a global private equity firm, has been the owner of CAES Systems. The deal underscores the ongoing trend of consolidation in the aerospace and defense industry.

The transaction is expected to close following regulatory approvals and customary closing conditions. This acquisition aligns with Honeywell's growth strategy and aims to bolster its market position.

For more details, visit the original article on Skadden's website.