M&A Deal Summary

Honeywell Acquires Datamax-O Neil

On December 18, 2014, Honeywell acquired technology hardware company Datamax-O Neil from Dover for 185M USD

Acquisition Highlights
  • This is Honeywell’s 6th transaction in the Technology Hardware sector.
  • This is Honeywell’s 26th largest (disclosed) transaction.
  • This is Honeywell’s 40th transaction in the United States.
  • This is Honeywell’s 2nd transaction in Florida.

M&A Deal Summary

Date 2014-12-18
Target Datamax-O Neil
Sector Technology Hardware
Buyer(s) Honeywell
Sellers(s) Dover
Deal Type Divestiture
Deal Value 185M USD

Target

Datamax-O Neil

Orlando, Florida, United States
website
Datamax-O'Neil is a manufacturer of fixed and mobile printers used in a variety of retail, warehouse and distribution, and health care applications.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States

website


Category Company
Founded 1885
Sector Diversified
Employees97,000
Revenue 35.5B USD (2022)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 58 of 82
Sector (Technology Hardware) 6 of 9
Type (Divestiture) 6 of 10
State (Florida) 2 of 4
Country (United States) 40 of 54
Year (2014) 1 of 1
Size (of disclosed) 26 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-17 Intermec

Everett, Washington, United States

Intermec, Inc. provides mobile computing, radio frequency identification solutions (RFID), voice-enabled workflow and data-collection solutions, and printing solutions.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Elster Group SE

Essen, Germany

Elster Group SE is a manufacturer and supplier of integrated utility meters. The meters manufactured by Elster are used to measure energy, gas and water consumption of residential customers and industrial consumers.

Buy $5.1B

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States

website


Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.5B USD (2022)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 22 of 27
Sector (Technology Hardware) 3 of 3
Type (Divestiture) 18 of 23
State (Florida) 2 of 2
Country (United States) 17 of 22
Year (2014) 3 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 Accelerated

The Woodlands, Texas, United States

Accelerated is an integrated product and service supplier for the oil and gas industry worldwide. Accelerated provides comprehensive hydraulic lift solutions, a broad range of pump systems, an array of critical process equipment and systems, and a number of professional design, engineering and support services to meet industry needs.

Buy $430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-26 Sargent Aerospace & Defense

Tucson, Arizona, United States

Sargent Aerospace & Defense, Inc. is a manufacturer of precision-engineered components and aftermarket services. Sargent performs critical functions on a variety of commercial and military aircraft, submarines and land-based vehicles in operation worldwide, and our customer base includes some of the best-known names in aerospace and defense for both the OEM and MRO marketplaces.

Sell $500M