Honeywell To Acquire TruTrak Flight Systems (July 2019 Announcement)

[PerfTech]

Originally Posted by snopercod

The Trutrak Vizion is on sale at ACS for $2,050. I wonder what it will cost when Honeywell takes over...

? Most likely $17,500 to $20,000 would be my guess!

[vlittle]

In my career as an M&A hound, I found that the best reason to purchase a smaller company was for talent & Intellectual Property (IP).

All of the other reasons (market share, time-to-market, revenue enhancement, filling product gaps, etc.) were contributing factors, but in the end the talent and IP was the long-term benefit. I think Honeywell has done well in this regard.

Integrating the two companies will be a challenge, however. I found that swapping personnel between locations really helps develop personal and professional relationships and puts in place on-site champions/problem solvers/political consultants in both locations.

More competition in our community will be a good thing, but the big prize will be next-gen electric (incl. VTOL) aircraft.

V

[mturnerb]

Originally Posted by vlittle

In my career as an M&A hound, I found that the best reason to purchase a smaller company was for talent & Intellectual Property (IP).

All of the other reasons (market share, time-to-market, revenue enhancement, filling product gaps, etc.) were contributing factors, but in the end the talent and IP was the long-term benefit. I think Honeywell has done well in this regard.

Integrating the two companies will be a challenge, however. I found that swapping personnel between locations really helps develop personal and professional relationships and puts in place on-site champions/problem solvers/political consultants in both locations.

More competition in our community will be a good thing, but the big prize will be next-gen electric (incl. VTOL) aircraft.

V

I've seen this many times as rationale for acquisitions but often the culture clash and big-company general bureaucracy kill the morale of the talent who leave as soon as they can....

[vlittle]

Originally Posted by mturnerb

I've seen this many times as rationale for acquisitions but often the culture clash and big-company general bureaucracy kill the morale of the talent who leave as soon as they can....

Sadly, that's all too common. That's why it matters how the integration is handled. I have many examples, but this is the wrong place to discuss M&A. Back to driving (or pulling) rivets!

[wnplt]

This affects a lot of people now and in the future. This is in the RV General Forum and is the right place to discuss.

[Tom @ N269CP]

This is consistent with TT's total lack of support with my recent tech query.

Hopefully Honeywell issues a statement of ongoing support soon.

[TruTrakAndrew]

Now now now...I'm still here.

I know that you are all concerned about what this means for the future of TruTrak / pricing / your products, and those are valid concerns. I have been part of this industry for 20 years, and I was a kid paying attention to it for at least 10 before that. I want you all to know that I remain VERY committed to supporting the experimental (and certified) markets. We know that this market is very price conscious and don't expect you to pay $$$$$ for a $$$$ product. I also know that TruTrak has a good reputation for support (yes, we are slower now than we used to be, due to growth issues. but we are working to better that.)

I will personally still be at EVERY show I possibly can, and that doesn't mean just SnF and Osh.

We will be training BendixKing staff and taking a big bunch of our staff over as well. We are wanting to improve our support and ability to develop great products at a great price!

Now, I know that many of you are skeptical of this, but I do ask that you give me (us) a chance to show you that we are here to earn your business and continue to provide you with great products.

Stay tuned, I am looking forward to this next adventure!

[Plummit]

Originally Posted by TruTrakAndrew

Now now now...I'm still here.

I know that you are all concerned about what this means for the future of TruTrak / pricing / your products, and those are valid concerns. I have been part of this industry for 20 years, and I was a kid paying attention to it for at least 10 before that. I want you all to know that I remain VERY committed to supporting the experimental (and certified) markets. We know that this market is very price conscious and don't expect you to pay $$$$$ for a $$$$ product. I also know that TruTrak has a good reputation for support (yes, we are slower now than we used to be, due to growth issues. but we are working to better that.)

I will personally still be at EVERY show I possibly can, and that doesn't mean just SnF and Osh.

We will be training BendixKing staff and taking a big bunch of our staff over as well. We are wanting to improve our support and ability to develop great products at a great price!

Now, I know that many of you are skeptical of this, but I do ask that you give me (us) a chance to show you that we are here to earn your business and continue to provide you with great products.

Stay tuned, I am going to

Great, maybe I can finally get the issues with Sorcerer resolved!

-Marc

[TruTrakAndrew]

Marc,

If you are at Osh, come see us! We would be very happy to help you out. If you aren?t here, give us a couple days next week to get back home and situated and give us a call. We are happy to give you a hand.

I apologize for falling down on the support front in recent months. We have added staff, but not all are up to speed yet.

[Plummit]

Thanks Andrew, I'll call next week and hopefully be able to resolve my issues.

-Marc