The Federal Trade Commission announced Friday it will require Morris Township-based Honeywell International Inc. to divest of certain patents as a condition of Honeywell's acquisition Intermec Inc.
In December, Honeywell announced it would acquire Intermec for approximately $600 million.
According to last week's announcement, the proposed FTC consent order preserves competition in the market for 2D scan engines by requiring Honeywell to license its and Intermec's patents for 2D scan engines to Datalogic IP Tech for the next 12 years.
Scan engines are used in products such as retail store scanners to translate an image (often a UPC barcode) into a digital format that can be interpreted and analyzed by a computer.
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