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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Francisco Partners to sell Metrologic to Honeywell for $720m
29/04/2008. Source: AltAssets. 
Technology-focused private equity firm Francisco Partners has agreed to sell Metrologic Holdings Corporation to industrial supplies manufacturer Honeywell International for $720m. Metrologic provides data capture and collection hardware and software. Francisco Partners acquired Metrologic in December 2006 for $18.50 per company share.
Andrew Kowal, principal, Francisco Partners, said, 'As a private company, Metrologic has been able to transform itself and improve many aspects of its business. We have been fortunate in the opportunity to partner with Metrologic's management team to affect this transformation and support the company's continued success.'
Following the deal, the business will be merged with Honeywell Security, part of Honeywell's Automation and Control Solutions business.
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