Intermec to acquire Vocollect
Vocollect will broaden Intermec’s applications and solution offerings in the warehouse workflow and help to establish a leading position in software-oriented solutions.
Latest NewsSalonCentric: One Beautiful Network Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains The State of the DC Voice Market Port of LA/LB Clean Air Action Plan at best “a mixed blessing?” Teamsters meet to set bargaining demands for next contract with UPS More News
Latest ResourceThe State of the Rail/Intermodal Markets What's on track for rail/intermodal shippers in 2018?
Thursday, October 26, 2017 | 2pm ET
Intermec today announced the company has entered into a definitive agreement under which Intermec will acquire Vocollect, an industry-leading provider of voice-centric solutions for mobile workers worldwide.
Vocollect is privately held by Riverside Partners, a Boston-based private equity firm and private investors. Both companies’ Boards of Directors have unanimously approved the $190 million all-cash offer.
With more than 1,500 customers and 300,000 users globally, Vocollect will broaden Intermec’s applications and solution offerings in the warehouse workflow and help to establish a leading position in software-oriented solutions. The acquisition will also extend Vocollect’s voice solutions into the rapidly growing markets served by Intermec and its channel partners.
In Modern’s annual Top 20 Automatic Data Capture suppliers listing, Intermec was ranked No. 3 with $365 million reported revenue for 2009. Vocollect is ranked No. 14 with $85.5 million in reported revenue for 2009.
“This acquisition is a major step for Intermec in building a software-centric solutions business in the warehouse, the largest AIDC deployment environment,” said Patrick Byrne, Intermec’s president and chief executive officer. “For many years, Vocollect has built the premier set of voice-centric warehouse solutions and has achieved a strong global market leading position. The adoption of voice in the warehouse is developing rapidly and we expect this technology to provide significant long-term growth opportunities for Intermec. When combined with Intermec’s industry leading products and customer relationships, the acquisition will establish Intermec as a clear market leader in warehouse solutions and give us the talent and technology base for creating unique new market focused solutions in the AIDC industry.”
“We are excited about the combination with Intermec”, said Joe Pajer, Vocollect’s president and chief executive officer, “Working together, we believe we can accelerate the adoption of voice-centric solutions on a global basis and create new innovative warehouse solutions capabilities for our customers and partners.”
Upon completion of the transaction, Joe Pajer will lead the Intermec Voice Solutions business and report to Patrick Byrne, Intermec’s president and chief executive officer.
Looking behind the Intermec Vocollect acquisition
The acquisition will strengthen Intermec’s portfolio of warehouse solutions
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains LM Viewpoint: Collaboration, Now more than ever View More From this Issue