News : Honeywell Forms Global Strategic Alliance with NCR Corporation
Fort Mills, S.C., Jan. 18, 2016 -- Honeywell (NYSE: HON) announced that it has signed a memorandum of understanding with NCR Corporation (NYSE: NCR) to form a global strategic alliance to develop new service solutions combining the core competencies of both firms in support of the retail, supply chain and government sectors.
Customers will benefit from future hardware and software solutions resulting from the collaboration of the two firm’s capabilities, intellectual property and resources.
The alliance will focus on delivering technology solutions to customers in key sectors, including: retail point-of-sale, supply chain distribution, public sector and federal government information services. With this partnership, Honeywell and NCR will collaborate in markets in North America and Europe and will also evaluate opportunities in high growth regions such as India.
"This alliance brings together two global firms with complementary service offerings in the retail market," said John Waldron, president, Honeywell Sensing and Productivity Solutions. "Our customers need new technology solutions to become more efficient and deliver a better in-store shopping experience to boost profitability. Honeywell has a long history of working with NCR, and I am pleased to strengthen our strategic relationship globally."
"We are looking forward to working with Honeywell as we continue to help retailers navigate from omni-channel to omni-commerce and prepare for the Internet of Things," said Michael Bayer, president, Retail Solutions, NCR. "We will continue to drive a frictionless customer experience across all consumer touchpoints and the retail supply chain."
Posted by Laura Collins, Editorial Management
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About NCR Corporation:
NCR Corporation a provider of consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
Honeywell (legally Honeywell International Inc.) is a company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments.
Published: Thursday, January 21, 2016