Honeywell has completed its acquisition of Intermec, in an all-cash transaction valued at approximately $600 million.
After announcing its intent to acquire the mobile computing and radio frequency identification solutions (RFID) company in December 2012, a deal has finally be confirmed today.
"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," says John Waldron, president, 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.