SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

CHANNEL BY TOPICS


QUICK LINKS




Honeywell Finalizes Offer to Buy EMS Technologies

Workforce Management Featured Article

Honeywell Finalizes Offer to Buy EMS Technologies

 
June 17, 2011

Share
Tweet

By David Sims, TMCnet Contributing Editor
 


Officials of Honeywell (News - Alert) have announced the signing of an agreement to acquire EMS Technologies (News - Alert), which sells connectivity tools for mobile networking, rugged mobile computers, and satellite communications.

The agreement provides for a subsidiary of Honeywell to commence a tender offer within 10 business days to purchase all outstanding shares of EMS.

The terms call for $33 per share in cash, for an aggregate purchase price of approximately $491 million, net of cash acquired. This is about 13 times EMS's 2010 earnings before interest, taxes, depreciation and amortization (EBITDA), or approximately 9 times 2010 EBITDA excluding certain corporate costs.

The point of the acquisition is to enhance Honeywell's existing capabilities in rugged mobile computing technologies and satellite communications within its Automation and Control Solutions and aerospace businesses, Honeywell officials say, adding that through its $174 million 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.

Also this week TMC had the news that Motorola (News - Alert) Mobility announced its intention to work with Honeywell Security Group to develop an end-to-end security product for cable and telecom service providers, offering subscribers a connected home security service that enables remote management of alarm panels and associated security devices using multiple control interfaces-including TV, smartphone, PC and tablet.

EMS's GRM division offers a broad range of products for supply chain logistics, mobile workforce management, and remote asset monitoring applications, supported by hundreds of partners worldwide.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2011, taking place Sept. 13-15, 2011, in Austin, Texas. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.


David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Jennifer Russell

Workforce Management Homepage ›





Technology Marketing Corporation

2 Trap Falls Road Suite 106, Shelton, CT 06484 USA
Ph: +1-203-852-6800, 800-243-6002

General comments: [email protected].
Comments about this site: [email protected].

STAY CURRENT YOUR WAY

© 2024 Technology Marketing Corporation. All rights reserved | Privacy Policy