Feds OK Honeywell purchase of Everett-based Intermec

After months of delay, Honeywell International’s $600 million purchase of Everett-based Intermec has won approval from the U.S. Federal Trade Commission on the condition that it license patents for barcode scanners.

Honeywell agreed to license patents related to two-dimensional scanners to Bologna, Italy-based Datalogic under a settlement with the FTC that resolves claims that the deal, as originally proposed, would have been anticompetitive, the agency said Friday in a statement. Last year, before Intermec and Honeywell announced their deal, Datalogic was rumored to be considering a bid for Intermec.

“Licensing requirements can preserve competition in markets where access to needed technology is the main barrier to entry,” said Deborah Feinstein, director of the FTC’s bureau of competition. “The proposed order gives Datalogic access to the patents it needs to enter the U.S. market immediately and restore the competition lost due to the merger.”

Honeywell, the Morris Township, N.J.-based maker of airplane navigation systems, thermostats and other controls, announced in December the agreement to buy Intermec, a provider of radio-frequency-identification systems and other inventory-tracking products.

Intermec shareholders approved the deal in March, and the acquisition had been expected to close by the end of the second quarter. But FTC scrutiny delayed that. In a news release, Intermec said it now expects the acquisition to be consumated by Tuesday.

Intermec, with its headquarters at 6001 36th Ave. W. north of Paine Field, employs about 2,300 people and operates more than 65 offices around the world.

More in Herald Business Journal

Best foot forward: Ferndale company to make custom shoes easy

Long specializing in insoles, Superfeet is putting 3-D machines in stores to make customized shoes.

Does a hypersonic US reconnaissance plane already exist?

A Skunk Works executive speaks of the top secret aircraft as if it is already in operation.

Alaska Airlines has selected destinations for new service from Paine Field. (Alaska Airlines)
Alaska Airlines will fly from Everett to 8 West Coast cities

Two destinations that didn’t make the list were Spokane and Hawaii.

Port of Everett CEO Les Reardanz has been called up and will be spending much of the year away from his office. He is going to Afghanistan. (Dan Bates / The Herald)
Port of Everett CEO reporting for duty — in Afghanistan

Les Reardanz has been called to active duty with the Navy for an eight-month deployment.

Boeing opens new $17 million training center in Auburn

Workers and dignitaries marked the grand opening of the facility Monday.

House passes bill aimed at lowering gender wage gap

The bill would hinder employers from retaliating against female workers who ask about others’ pay.

Trump’s company fights efforts to shed the president’s name

“Our homes are worth more without the Trump name.”

Airbus floats shutdown of A380 superjumbo

The aircraft is so big that some airports had to expand runways to accommodate the 550-seat plane.

Amanda Strong (left) tries on an Angel of the Winds Arena hat as she and Courtney Brown hand out gift bags after the renaming ceremony Dec. 13 in Everett. The new name replaces the Xfinity name. (Andy Bronson / Her file)
Angel of the Winds to break ground on $60M casino expansion

“We think we’re on the cusp of becoming a major resort.”

Most Read