MORRIS TOWNSHIP, N.J., July 2, 2008 – Honeywell (NYSE: HON) today 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.
“As part of Honeywell, Metrologic is now better positioned to optimize our
global product offering to the benefit of our customers worldwide,” said Darius
Adamczyk, president of the combined business. “The number of solutions we will
be able to offer our customers will substantially increase as these two product
offering and IP portfolios come together.”
