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.
image
By Modern Materials Handling Staff
January 18, 2011 - MMH Editorial

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!

Recent Entries

UPS Access Point locations serve as a replacement delivery address when consumers are not at home to receive a package or when consumers want a delivery to go somewhere other than their residence.

Non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) said this week it has acquired El Paso, Texas-based Stagecoach Cartage and Distribution for $35 million along with an earn-out at $5 million.

The three California port directors who faced the wrath of shippers at the annual meeting of the Agriculture Transportation Coalition (AgTC) in San Francisco late last June, surprised many with their candor and heartfelt mea culpas.

Matson, Inc., a leading U.S. carrier in the Pacific, is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

Josh Green, CEO of Panjiva, an online search engine with detailed information on global suppliers and manufacturers, said despite the recent trends coming out of China, it is important to remember is that on a big picture level, its impact on the global economy is big and growing.

Article Topics

News · Technology · Voice · Automatic Data Capture · ADC · All topics

Comments

Post a comment
Commenting is not available in this channel entry.