HONEYWELL INTERNATIONAL INC acquired Handheld Products (Hand Held Products, Inc.) for $390 million, a transaction completed in December 2007, structured as Cash acquisition of a privately held company.
Handheld Products (Hand Held Products, Inc.) operates in Safety and Productivity Solutions (formerly ACS scanning/security), is based in United States (Skaneateles Falls, New York). Hand Held Products, Inc. was a privately held automatic identification and data collection (AIDC) company known for its Adaptus Imaging Technology and an extensive portfolio of handheld barcode scanners. Honeywell acquired it to expand its scanning and mobility data-capture business within Automation and Control Solutions.
Adds imaging-based handheld scanning technology and expands Honeywell's automatic identification and data-collection portfolio.
Advisory firms were not disclosed for this transaction.