Francisco Partners has completed its sale of Metrologic Holdings Corp. to Honeywell International for $720 million in cash. Francisco had led a $346 million take-private buyout of Metrologic in December 2006, alongside hedge fund Elliott Associates and Metrologic chairman and then-interim CEO Harry Knowles. Metrologic makes data capture and collection hardware and software.
Francisco Partners, one of the world's largest technology-focused private equity funds, announced today that it has completed the sale of its portfolio company, Metrologic Holdings Corporation, parent company of Metrologic Instruments, Inc., to Honeywell International for $720 million in cash. Metrologic is a leading provider of data capture and collection hardware and software. Metrologic will be part of Honeywell Imaging & Mobility, a line of business within Honeywell Security, part of Honeywell's Automation and Control Solutions (ACS) segment.
About Francisco Partners
Francisco Partners is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses. With approximately $5 billion of committed capital, Francisco Partners pursues structured investments in technology companies, targeting investments in private companies, public companies and divisions of public companies, with transaction values ranging from $30 million to $3 billion. For additional information, visit www.franciscopartners.com.
As Metrologic Instruments, Inc. celebrates its 40(th) anniversary, it continues to be a global supplier of choice for data capture and collection hardware and software. Metrologic delivers innovative products that are cost effective, reliable and supported by a superior level of personal service. Metrologic products are sold worldwide through sales, service and distribution offices located in North & South America, Europe, Australia, and Asia. For more information, please visit www.metrologic.com.