M&A Deal Summary

Honeywell Acquires Metrologic Instruments

On April 28, 2008, Honeywell acquired technology hardware company Metrologic Instruments from Francisco Partners for 720M USD

Acquisition Highlights
  • This is Honeywell’s 4th transaction in the Technology Hardware sector.
  • This is Honeywell’s 13th largest (disclosed) transaction.
  • This is Honeywell’s 27th transaction in the United States.
  • This is Honeywell’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2008-04-28
Target Metrologic Instruments
Sector Technology Hardware
Buyer(s) Honeywell
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 720M USD

Target

Metrologic Instruments

Blackwood, New Jersey, United States
Metrologic Instruments, Inc. is a supplier of choice for data capture and collection hardware and software. The company uses its expertise to design, manufacture and market sophisticated imaging and scanning solutions serving a variety of retail, commercial and industrial applications. Metrologic offers 1D and 2D bar code reading, optical character recognition and image lift capabilities and has been delivering innovative, quality products that are cost effective, reliable and supported by the highest level of personal service for nearly 40 years.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
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 40 of 84
Sector (Technology Hardware) 4 of 9
Type (Add-on Acquisition) 30 of 64
State (New Jersey) 3 of 4
Country (United States) 27 of 56
Year (2008) 2 of 5
Size (of disclosed) 13 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-07 AV Digital Audio-Videotechnik

Vienna, Austria

AV Digital Audio-Videotechnik GmbH, a privately held company specializing in highly complex and sophisticated public address and notification sound systems. AV Digital, based in Vienna, Austria, develops and manufactures a broad range of public address systems to assist in the safe evacuation of facilities during emergencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-16 Norcross Safety Products

Cranston, Rhode Island, United States

Norcross Safety Products a designer, manufacturer and marketer of branded products in the personal protection equipment industry. The Company manufactures and markets a full line of personal protection equipment for workers in the general safety, domestic preparedness, fire service and utility/high voltage industries. The Company sells products under trusted, long-standing and well-recognized brand names, including North, Morning Pride, Ranger, Servus, Pro-Warrington and Salisbury.

Buy $1.2B

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 11 of 81
Sector (Technology Hardware) 2 of 8
Type (Add-on Acquisition) 6 of 49
State (New Jersey) 2 of 4
Country (United States) 11 of 67
Year (2008) 2 of 5
Size (of disclosed) 11 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Numonyx BV

Rolle, Switzerland

Numonyx is a leading provider of flash memory, formed through the combination of Intel Corporation’s NOR flash memory business unit and STMicroelectronics’ NOR and NAND business units. Numonyx creates memory solutions that enable many of today’s leading applications: wireless handsets, digital cameras, routers, automotive safety systems, industrial automation and removable storage media. The company is recognized as a leader in flash memory development including next generation Phase Change Memory. Numonyx is headquartered in Rolle, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-05 Ex Libris Group

Jerusalem, Israel

Ex Libris is a provider of software solutions for libraries, academic institutions and information centers. The Company's products are used by libraries to acquire, manage, deliver, and allow their users to discover, both their physical and electronic resources.

Sell -
Mergr

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