Intermec Inc., which designs electronic products for inventory and supply chain management in Cedar Rapids, will be acquired by Honeywell International for over $600 million, the companies announced Monday.
Based in Everett, Wash., Intermec employs about 250 in Cedar Rapids. It is building a new $12.5 million facility in downtown Cedar Rapids at 601 Third St. SE.
"The addition of Intermec is a natural extension to our Scanning & Mobility business, which was established through the successful acquisitions of Hand Held Products, Metrologic and EMS," said Honeywell Automation and Control Solutions