Honeywell recently announced that it has completed its acquisition of Intermec, a leading provider of mobile computing, radio frequency identification solutions (RFID), voice-enabled workflow and data-collection solutions, and printing solutions. | [ [email protected] Honeywell completed its acquisition of Metrologic Instruments, a manufacturer of laser and mobile imaging and remote scanning, for about $720 million. Intermec is a well-known manufacturer of bar-code technology, and it fits nicely with Honeywell's Scanning & Mobility unit, which was created by Honeywell's acquisition of Hand Held Products (in 2007), Metrologic Instruments (in 2008) and LXE (in 2011). The LXE acquisition gave Honeywell about a 15% share of the AIDC market, moving Honeywell past Intermec (12%) into second place among AIDC vendors. Do you have a question? Intermec will be integrated with Honeywell Scanning & Mobility, within the company's Automation and Control Solutions business. Honeywell Extends Position in Scanning and Mobile Computing, Now Offers Additional RFID, Printer and Voice Solutions for Wide Range of Customers, Addition of Intermec Builds on Hand Held Products, Metrologic and EMS Acquisitions To Build Market-Leading Position, Approximate $600 Million Deal Was Announced in December 2012, Adding Over $800 Million In Annualized Sales. From Reuters: Honeywell sees slow 2013, to buy Intermec for $600 million. Intermec will be integrated with Honeywell Scanning & Mobility, within the company's Automation and Control Solutions business. Honeywell International Inc. agreed to acquire Intermec Inc. for about $600 million, while the diversified industrial company also gave a cautious outlook for the new year. Our team of experts are ready to help. ^ Lou Whiteman, Honeywell acquires Intermec for $600M, su thedeal.com, The Deal, 10 dicembre 2012. The acquired companies are integrated into one of Honeywell's four business groups (Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), or Performance Materials and … Here’s a bit of news of interest to our user community. The completion of this acquisition follows the approval by Intermec shareholders on March 19 as well as the receipt of required regulatory approvals in … Honeywell is an equal opportunity employer. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. Steven Lane (Trade Media) Honeywell completed its acquisition of Metrologic Instruments, a manufacturer of laser and mobile imaging and remote scanning, for about $720 million. On September 17, 2013, Honeywell announced the completion of the acquisition of Intermec. For more news and information on Honeywell, please visit www.HoneywellNow.com. Shares of Honeywell (HON) ended Monday's trading session roughly unchanged. Honeywell to Acquire Intermec. By acquiring Intermec®, Honeywell® will move into a solid second-place position with around 27% market share. Honeywell actually purchased EMS Technologies and LXE is a part of their Global Resource Management (GRM) division. This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. While this continues to be subject to regulatory approvals, in this blog post I share some thoughts on how this deal may shape up and impact the barcode vendor landscape. Under an agreement signed on December 9, 2012, Honeywell proposes to acquire Intermec … The acquisition will cost Honeywell $0.03 to $0.04 in its 2013 earnings per share (EPS), … ] Honeywell's press release also detailed its own lackluster 2013 forecasts, partially lowered due to the Intermec acquisition, which is expected to shave $0.03 to $0.04 off 2013 earnings. The Federal Trade Commission will require Honeywell International Inc. to license patents critical to the manufacture of two-dimensional (2D) bar code scanners, under a settlement resolving FTC charges that Honeywell’s acquisition of rival scan engine manufacturer Intermec Inc. would be anticompetitive. Intermec is a well-known manufacturer of bar-code technology, and it fits nicely with Honeywell's Scanning & Mobility unit, which was created by Honeywell's acquisition of Hand Held Products (in 2007), Metrologic Instruments (in 2008) and LXE (in 2011). Honeywell announced its intent to acquire Intermec in December 2012, in an all-cash transaction valued at approximately $600 million. “Not really,” she told me. Phone: +1 (678) 910-8059 This comes shortly after Motorola Solutions’ acquisition of rugged device manufacturer Psion, announced in June 2012 and completed in October 2012. Honeywell AIDC products; Intermec Products; Acquisitions since 2002. General Data Company Inc. Honeywell's purchase of Intermec wasn't all (or even primarily) about RFID. Intermec will be integrated with Honeywell Scanning & Mobility, within the company's Automation and Control Solutions business. Honeywell's Intermec Acquisition Reshaping the Competitive Landscape of the Rugged Mobile Market. FTC clearance was announced on September 13, 2013. While this continues to be subject to regulatory approvals, in this blog post I share some thoughts on how this deal may shape up and impact the barcode vendor landscape. ^ Honeywell Closes RAE Acquisition - Analyst Blog, su nasdaq.com, Zacks.com, 6 giugno 2013. Accessed May 22, 2020. Honeywell Honeywell Safety and Productivity Solutions provides comprehensive solutions that enhance workplace safety and incident response, improve enterprise performance, and enable greater product design innovation. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. Intermec, headquartered in Everett, Washington, is a leading manufacturer of scan engines and other automated identification and data capture equipment, including barcode scanners and printers. Honeywell agreed to acquire Intermec for about $600 million, while the diversified industrial company also gave a cautious outlook for the new year. 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