Honeywell has signed a definitive agreement to acquire Datamax-O’Neil, a global manufacturer of fixed and mobile printers used in a variety of retail, warehouse and distribution, and health care applications, for US$185 million.
The transaction is expected to close in the first quarter of 2015 subject to customary closing conditions, including regulatory review.
“The addition of Datamax-O’Neil to our portfolio underscores our continued commitment to strengthen the depth of our technology and product offerings in the estimated US$1.5 billion global barcode printing segment,” said John Waldron, president, Honeywell Scanning & Mobility.
“Thermal printing and media are important components of our strategy to offer customers one of the industry’s broadest portfolios of ruggedized mobile computers, scanners, voice-enabled workflow solutions, printing, software and service capabilities.”
The acquisition builds on Honeywell’s existing scanning and rugged mobile thermal printing products, and will extend that to include radio frequency identification, receipt, label and other specialty printing applications.
This deal follows Honeywell’s 2013 acquisition of Intermec, which essentially doubled the company’s revenue in the highly attractive scanning and mobility segment.
Upon completion of the acquisition, Datamax-O’Neil will become part of Honeywell Scanning & Mobility based in Fort Mill, South Carolina, a business of Honeywell Automation and Control Solutions.