Honeywell continues keep quiet about its bid to acquire Intermec. Honeywell offered $603 million for Intermec back in December. The merger is currently in the regulatory approval stage and is expected to close by the end of Q2. There has been much speculation about the direction that Honeywell will take with the Intermec. Will it [...]
ODIN RFID, 10-year-old provider of RFID solutions for government, healthcare and IT asset tracking, has been acquired by remote asset tracking provider Quake Global of San Diego, Calif. Terms of the purchase were not released. The deal closed on Dec. 31. RFID 24-7 has confirmed that the ODIN RFID brand will remain, and that ODIN [...]
With the New Year upon us, RFID 24-7 is working on its top trends to watch in 2013. First and foremost on that list is industry consolidation. Mergers and acquisitions seem to make the list every year, but 2013 could see quite a ramp-up in merger activity as buyers target a fragmented RFID sector ripe [...]
Intermec, a pioneer in the data collection and RFID sector, has agreed to be acquired by Honeywell for $603 million. The deal matches an RFID stalwart in Intermec with a relative newcomer to the market in Honeywell. Although Honeywell has a strong data capture business, it only entered the RFID space in May when it [...]
M&A activity is heating up once again in the RFID sector. Last week Motorola Solutions announced it is purchasing Psion for about $200 million. Also this month, Stanley Healthcare Solutions, a division of Stanley Black & Decker, announced a deal to acquire AeroScout for an undisclosed amount. The Psion deal gives Motorola a stronger entry into [...]
It’s official. A deal that was rumored for weeks came to fruition yesterday when Stanley Healthcare Solutions, a division of Stanley Black & Decker, announced it is acquiring AeroScout, Inc., a provider of Real-Time Location Systems (RTLS) for healthcare and industrial customers. Terms of the deal were not disclosed. The acquisition will accelerate the growth trajectory of Stanley [...]
Is Stanley Black & Decker planning another venture into the RFID sector? It looks like that might be the case. Published reports say that Stanley Black & Decker is in the final stages of working out a deal to acquire Aeroscout Ltd. for as much as $250 million. It wouldn’t be a total shock to [...]
It’s been a busy fourth quarter for the executive team at Smartrac. After making a pair of acquisitions earlier this month, Smartrac announced today that it is acquiring UPM’s RFID business. The deal is expected to close during the first quarter of 2012 and will provide Smartrac with a much stronger presence in the burgeoning [...]
M&A activity in the RFID sector will likely heat up significantly in 2011, but ODIN technologies got a head start on the action Thursday when it acquired Massachusetts-based REVA Systems, a developer of RFID network infrastructure products. ODIN CEO and founder Patrick Sweeney wouldn’t reveal the purchase price in a story in the Boston Globe, [...]
RFID pioneer ThingMagic, in the midst of a high-profile 10th anniversary celebration, upped the ante today. The firm announced that it has been sold to California-based and publicly-traded Trimble. ThingMagic was born out of the former Auto-ID Center at MIT. According to the press release issued by Trimble, ThingMagic will continue to offer high-performance fixed [...]
