Honeywell completed its acquisition of Metrologic Instruments, Inc., a 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 manufacturer of imaging and mobility solutions, acquired by Honeywell last year.
“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,” said Ben Cornett, President, Honeywell Security.
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.
Metrologic’s 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.