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 a total amount of approximately $491 million. EMS is a leading provider of connectivity solutions in areas such as mobile networks, rugged mobile terminals, and satellite communications.
This acquisition will strengthen Honeywell's existing business capabilities, particularly affecting the mobile terminal product line under the Automation Controls Solutions (ACS) group and the satellite communication systems under the Aerospace group. The Global Resource Management (GRM) division of EMS offers rugged mobile products and services for applications in transportation, logistics, and workforce management. Additionally, it provides secure, satellite-based asset tracking and communication technologies for search and rescue, warehouse management, and field automation applications.
Darius Adamczyk, President of Honeywell's Scanning & Mobility Division, stated, "The acquisition of EMS Technologies further demonstrates our commitment to establishing leadership in the global scanning and mobility industry. By incorporating EMS Technologies' product portfolio into Honeywell, we have expanded our offerings in rugged handheld and vehicle-mounted applications, increasing our presence in niche markets such as warehousing, manufacturing, and ports. These new products and markets will continue to drive our business growth."
EMS's aerospace business provides products such as terminals, antennas, cabin 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, remarked, "With EMS's products integrated into our aerospace business, Honeywell can now plan and achieve the next major leap in satellite communications 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's Automation and Control Solutions (ACS) group, is a top manufacturer of high-performance imaging and laser data collection devices, including mobile data terminals and barcode scanners. Honeywell Scanning & Mobility is one of the most comprehensive manufacturers in the automatic identification and data collection industry, providing data collection equipment to companies in retail, manufacturing, healthcare, transportation, and logistics to enhance operational efficiency and service quality. Honeywell also offers advanced software, services, and specialized solutions to help customers manage data and assets more efficiently. Its 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 globally. 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 all Asia-Pacific headquarters relocated to China. The company operates multiple branches and joint ventures in 20 cities across China, employing over 11,000 people. For more information, please visit www.honeywell.com.cn.
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