Honeywell has completed the acquisition of Metrologic Instruments, a manufacturer of barcode scanner technology used in patient and pharmacy management, for approximately $720 million.
Metrologic will be part of Honeywell Imaging & Mobility, a line of business within Honeywell Security, which includes Hand Held Products, a 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.
The Blackwood, N.J.-based Metrologic is a global provider of laser and imaging barcode scanners, including linear and omni-directional laser scanners, fixed position and in-counter scanners, area imagers and mobile computers. Metrologic sells its products in more than 110 countries, and approximately 65 percent of Metrologic’s business is with customers outside North America, according to Honeywell.