With the delisting on 26 August, the joint squeeze-out and sell-out procedure successfully concluded the takeover bid launched by Honeywell International Inc. (through its subsidiary Honeywell II Srl) on all the shares of Civitanavi Systems SpA – a company listed on Euronext Milan and active in the research, design and production of inertial systems and sensors.

The countervalue of the takeover bid was over EUR 200 million.

The majority shareholder of Civitanavi and the issuer have been advised in relation to legal aspects by PedersoliGattai with a team led by Nicola Brunetti (partner), with support from Enrico Candotti (counsel) and Tommaso Soragni (associate) for corporate and equity capital markets aspects, while Fabiana Campopiano (senior Counsel) managed Italian antitrust law aspects.