Honeywell Announces Agreement to Acquire Hand Held Products Inc.
Honeywell Announces Agreement to Acquire Hand Held Products Inc. – Imaging and Mobile Innovator
Acquisition Provides Entry into Large and Growing Automatic Identification and Data Collection Marketplace, Expands Pervasive Wireless Technology Expertise
MINNEAPOLIS, Oct. 15 — Honeywell (NYSE: HON) today announced it has signed a definitive agreement to acquire Hand Held Products Inc., a privately held Automatic Identification and Data Collection (AIDC) company based in Skaneateles Falls, N.Y., for approximately $390 million. Hand Held Products manufactures a range of data collection and communication products designed for mobile, on-site, and transaction processing in retail, healthcare, utilities, transportation, logistics and industry. The agreement is subject to customary closing conditions, including regulatory review.
