UPDATED: Honeywell International has agreed to pay $720 million to Francisco Partners and Elliott Associates for Metrologic Instruments Inc., a Blackwood, N.J. company that sells data devices and software.
Francisco bought Metrologic for $385 million in late 2006, Metrologic spokesman Mike Coluzzi said today. Elliott was a shareholder before that deal, and retained its interest under Francisco.
The company employs 300 in the Philadelphia area, where "it remains business as usual," as buyer and seller prepare to sign their deal, Coluzzi added.
Honeywell statement here.
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