Honeywell International Inc. (HON) Confirms Intermec Inc. (IN) Acquisition For About $600 Million

Posted Sep 17, 2013

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.