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Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited
Honeywell acquires Metrologic Instruments; expands growing laser, imaging and enterprise mobility business
Article Type: News From: Sensor Review, Volume 29, Issue 2
Metrologic builds on acquisition of Hand Held Products, adds global expertise, technology
Honeywell has completed its acquisition of Metrologic Instruments, Inc., a leading manufacturer of laser and mobile imaging and remote scanning, for approximately $720 million.
Metrologic will be part of Honeywell Imaging & Mobility, a line of business within Honeywell Security. Honeywell Imaging & Mobility includes Hand Held Products, a leading manufacturer of imaging and mobility solutions, acquired by Honeywell last year.
“The Metrologic acquisition further positions Honeywell as a global leader in the dynamic enterprise mobility and imaging industry, a $16 billion marketplace with double-digit growth potential,” said Ben Cornett, President, Honeywell Security. “Honeywell is now well positioned with strong customer relationships and compelling opportunities in rapidly expanding sectors such as retail, industrial and healthcare. The acquisition creates a comprehensive imaging and mobility portfolio, a more extensive distribution network, critical scale and global presence.”
Based in Blackwood, New Jersey, Metrologic is a global provider of laser and imaging bar code scanners, including high performance linear and omni-directional laser scanners, fixed position and in-counter scanners, area imagers and rugged mobile computers. It developed the first handheld retail-based laser bar code scanner in 1975 and has continued to serve as a leader in innovation with nearly 500 patents in areas that include laser and imaging technology.
Metrologic incorporates a broad array of laser, holographic, vision-based, RFID and emerging technologies to create its best-in-class products and solutions. Its sophisticated imaging and scanning solutions serve a variety of retail point-of-sale, industrial, healthcare, inventory and distribution applications. Metrologic sells its products in more than 110 countries, and approximately 65 percent of Metrologic’s business is with customers outside North America.