newsworthy
Honeywell’s purchase of Intermec vaults giant into
auto ID mainstream
PHOTO COURTESY OF HONEYWELL INTERNATIONAL INC.
Honeywell International Inc.’s proposed $600 million all-cash acquisition of Intermec Inc. creates a $1.6 billion-a-year global business for rugged mobile computing, and
positions Honeywell to capture a larger share of the fast-growing market for auto ID and data capture services,
according to Honeywell executives.
The acquisition, announced Dec. 10, takes Everett, Wash.-based Intermec private at a price tag of $10 a share. When
the deal is completed by the end of the second quarter,
Intermec will become part of Honeywell Scanning &
Mobility in the company’s Automation and Control
Solutions business, the Morris Township, N.J.-based industrial and technology behemoth said.
Intermec provides mobile computing devices; radio-fre-
quency identification (RFID) solutions; and bar-code, label,
and receipt printers for use in multiple environments, most
notably in the warehousing and supply chain segments.
Intermec’s 2011 $190 million acquisition of voice technolo-
gy provider Vocollect Inc. broadened its warehouse and
software offerings, and undoubtedly made Intermec a more
attractive acquisition candidate for a
$40 billion giant like Honeywell.
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