FORT MILL, S.C. — Honeywell (NYSE: HON) announced today 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 firms with a strong history innovation serving retail and hospitality sectors,” 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 omnichannel to omnicommerce 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.”
Honeywell brings to the alliance its core competencies in data capture technologies, distributed smart printing solutions, and wireless mobility computing platforms, while NCR leverages its software and hardware expertise in consumer transaction technologies. NCR’s solutions enable more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business.
The strategic arrangement between the two companies was announced at the National Retail Federation’s Big Show in New York City’s Javits Center.