Honeywell announced that it has signed a memorandum of understanding with NCR Corporation 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.