Honeywell Completes Acquisition of EMS Technologies

MORRIS TOWNSHIP, N.J. – August 22, 2011 – Honeywell (NYSE: HON) today announced that it has completed its acquisition of EMS Technologies, Inc., for approximately $491 million. EMS is a leading provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications.

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. EMS’s Global Resource Management (GRM) division provides highly ruggedized mobile computing products and services for use in transportation, logistics, and workforce management settings as well as secure satellite-based asset tracking and messaging technology for search and rescue, warehousing, and field force automation environments.

“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 Honeywell Aerospace. “Our customers will benefit from these new products and solutions, enabling them to leverage the global growth of high speed and satellite data services.”

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

Last Update : 17 Apr 2012