Honeywell International Inc. (HON) agreed to buy Dover Corp.'s
(DOV) Datamax-O'Neil for $185 million, a deal aimed at
strengthening Honeywell's position in barcode printing.
The deal, expected to close in the first quarter, builds on
Honeywell's existing scanning and rugged mobile thermal printing
products. Last year, Honeywell bought Intermec, a deal that roughly
doubled its revenue in the scanning and mobility segment.
Based in Orlando, Fla., Datamax-O'Neil makes stationary and
portable label and receipt printers.
It will become part of Honeywell Scanning & Mobility, based
in Fort Mill, S.C.
Honeywell's businesses include aviation components, chemicals,
and automation and control systems.
Honeywell shares, which set a 52-week high Thursday at $100.37,
were up 2.7% at $100.32 in recent trading.
Write to Maria Armental at maria.armental@wsj.com
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