By Cary Briel / Briel Computer & Network
Monday, October 15, 2007 1:33 PM EDT
Honeywell International Inc said it agreed to acquire Hand Held Products Inc, a privately held automatic identification and data collection company, for about $390 million, expanding its pervasive wireless technology expertise. Skaneateles Falls, based Hand Held Products, which had sales of about $285 million in 2006, will become a part of Honeywell’s Security Group within the automation and control solutions business, the company said in a statement.
Founded in 1972 as a division of Welch Allyn, Hand Held Products develops data products that help companies keep track of just about everything. In the 1990s Welch Allyn purchased a Charlotte-based mobilecomputer company called Hand Held Products and retained the name when combining it with its existing dataproduct division. Welch Allyn spun off Hand Held Products as a separate company in 2000. The privately held firm’s mobile computing and datacollection devices are standard equipment at large retailers and package companies as well as at the U.S. Postal Service. The latest versions of the company’s mobile computers allow package-delivery personnel to document damage using builtin cameras that send photographs back to headquarters. Kevin Jost, pictured above, is President and CEO of Hand Held Products.
No comments yet.