Honeywell to Acquire Intermec for $600 Million

Honeywell said it plans to acquire mobile computing company Intermec Inc. for $600 million.

The transaction is expected to close by the end of the second quarter of 2013, Honeywell said, pending Intermec shareholder approval and regulatory review.

“While Intermec strengthens our core scanning and mobile computing business, it opens up entirely new opportunities in RFID, voice solutions and barcode and receipt printing segments that we currently don’t serve,” said Honeywell Automation and Control Solutions President Roger Fradin.

Honeywell also forecast that it would have sales of $39 billion to $39.5 billion in 2013, up 4% to 5% from the previous year.