Honeywell Completes Acquisition of EMS Technologies
On August 23, 2011, Honeywell International Inc. (NYSE: HON) announced the completion of its acquisition of EMS Technologies for approximately $491 million. EMS is a leading provider of connectivity solutions in areas such as mobile networking, rugged mobile terminals, and satellite communications.
This acquisition will enhance Honeywell's existing business capabilities, impacting product lines under the Automation Controls Solutions (ACS) group, including mobile terminal products, and the Aerospace Group’s satellite communication systems. EMS' Global Resource Management (GRM) division provides rugged mobile terminals and services for applications in transportation, logistics, and workforce management. Additionally, it offers secure, satellite-based asset tracking and communication technologies for applications like search and rescue, warehouse management, and field automation.
Darius Adamczyk, President of Honeywell Scanning & Mobility, stated, "The acquisition of EMS Technologies further demonstrates our commitment to establishing leadership in the global scanning and mobility industry. Adding EMS Technologies' product portfolio to Honeywell complements our offerings in rugged handheld and vehicle-mounted applications, expanding our presence in niche markets such as warehousing, manufacturing, and ports. These new products and markets will continue to drive our business growth."
EMS' aerospace business provides terminals, antennas, in-flight network devices, rugged data storage, and monitoring applications primarily used in aircraft and other data collection equipment.
Tim Mahoney, President and CEO of Honeywell Aerospace, said, "With EMS' products now integrated into our aerospace business, Honeywell can plan and achieve the next major leap in satellite communication technology, a key growth area in the aerospace sector. Our customers will benefit from these new products and solutions, enabling them to grow alongside global high-speed satellite data services."
Honeywell Scanning & Mobility Division
Honeywell Scanning & Mobility (HSM), part of Honeywell Automation and Control Solutions (ACS), is a leading manufacturer of high-performance imaging and laser data capture devices, offering mobile data terminals and barcode scanners. Honeywell Scanning & Mobility is one of the most comprehensive manufacturers in the automatic identification and data capture industry, providing data collection equipment to businesses in retail, manufacturing, healthcare, transportation, and logistics to improve operational efficiency and service quality. Honeywell also provides advanced software, services, and specialized solutions to help customers manage data and assets more efficiently. The company's products are sold worldwide through an extensive network of dealers and distributors. For more information, please visit the Honeywell Scanning & Mobility website at www.honeywellaidc.com.cn.
Honeywell International
Honeywell International (www.honeywell.com) is a Fortune 100 diversified, high-tech advanced manufacturing company with operations in aerospace products and services, building, home, and industrial control technologies, automotive products, turbochargers, and specialty materials. Honeywell has been present in China since 1935 when it opened its first sales office in Shanghai. Currently, all four of Honeywell's business groups are established in China, with the Asia-Pacific headquarters of all their business units relocated to China. They have multiple subsidiaries and joint ventures in 20 cities across China. Honeywell employs over 11,000 people in China. For more information, please visit www.honeywell.com.cn.
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