Honeywell International Inc. (HON) Confirms Intermec Inc. (IN) Acquisition For About $600 Million
Honeywell International Inc. (NYSE:HON) has confirmed that they have acquired Intermec Inc. (NYSE:IN) for approximately $600 million in an all-cash deal. Intermec is known for offering mobile computing, RFID, and printing solutions.
“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,” stated Honeywell president of Scanning & Mobility John Waldron.
Intermec is going to be integrated into Honeywell’s Scanning & Mobility division within their Automation and Control Solutions business.