HONEYWELL COMPLETES ACQUISITION OF EMS TECHNOLOGIES
LXE
Honeywell (NYSE: HON) today announced that it has completed its acquisition of EMS Technologies, Inc., for approximately $491million. The acquisition will enhance Honeywell’s existing capabilities in rugged mobile computing technologies within its Automation and Control Solutions business (ACS) and satellite communications within its Aerospace business. “Acquiring EMS Technologies demonstrates our commitment to build on our leadership position in the global scanning and mobility industry,” said Darius Adamczyk, president of Honeywell Scanning & Mobility. “By adding EMS Technologies to our business, we will acquire complementary rugged hand-held and vehicle-based products and expand our presence in warehousing, manufacturing and port segments. These new products and segments will be growth drivers for our business.” Through its Aviation division, EMS provides terminals, antennas, in-cabin network devices, rugged data storage, and surveillance applications predominantly for use on aircraft and in other data gathering objectives. “Adding EMS products into our aerospace business means that Honeywell can now define and deliver the next big leap in satellite communications technology, a key growth area in aviation,” said Tim Mahoney, president and CEO of HoneywellAerospace. “Our customers will benefit from these new products and solutions, enabling them to leverage the global growth of high speed andsatellite data services."
