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Honeywell To Acquire EMS Technologies For $491 Million

Defense Daily Staff Defense Daily Staff
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Honeywell [HON] yesterday said it has agreed to acquire EMS Technologies, Inc.  [EMLG] for $491 million in cash in a deal that will enhance its capabilities for mobile computing and satellite communications and in electronic warfare systems. EMS, which is based in Georgia, serves the aviation, defense, space, global asset tracking and rugged mobile computing markets. The company expects to have between $385 million and $405 million in sales this year and be profitable. EMS had $355.2 million in sales…

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