Honeywell completes acquisition of Intermec
Approximate $600 million deal was announced in December 2012, adding over $800 million in annualized sales.
in the NewsState of Logistics 2016: Pursue mutual benefit Landstar opens up new U.S.-Mexico cross-border facility SMC3 examines global trade issues California exports sustain traction UniCarriers Americas sponsors local high school event to promote interest in STEM careers More News
Honeywell has 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.
Honeywell announced its intent to acquire Intermec in December 2012, in an all-cash transaction valued at approximately $600 million.
“The acquisition of Intermec will add innovative products and solutions, as well as deep engineering expertise and a broad global sales channel that further demonstrates our commitment to provide our customers an increasing array of innovative technologies in the highly attractive AIDC industry,” said John Waldron, president of Honeywell Scanning & Mobility.
Intermec will be integrated with Honeywell Scanning & Mobility, within the company’s Automation and Control Solutions business. The completion of this acquisition follows the approval by Intermec shareholders on March 19 as well as the receipt of required regulatory approvals in the United States and European Union.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!