Monday, June 13, 2011

Top Story

Honeywell acquires transport and logistics tech firm for $491 million

Technology and engineering giant Honeywell announced that it has signed an agreement to acquire EMS Technologies, Inc a provider of connectivity solutions for mobile networking, rugged mobile computers, and satellite communications, for approximately $491 million.

Honeywell said in a statement that the acquisition enhances its existing capabilities with rugged mobile computing technologies and satellite communications within its automation and control solutions and aerospace businesses.

"EMS is a terrific addition to Honeywell, adding leading positions in attractive markets that are closely aligned with favorable trends in the growing command, control, communications, computers, intelligence, surveillance, and reconnaissance space and commercial aerospace, as well as being highly complementary to our existing scanning and mobility business," said Dave Cote, Honeywell’s chairman and chief executive officer in a statement.

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