Honeywell to acquire Intelligrated
Honeywell is boosting its automation portfolio. The multinational conglomerate announced it will acquire North American-based automated material handling solutions provider Intelligrated in a deal valued at $1.5 billion.
According to Honeywell, Intelligrated’s estimated 2016 sales of approximately $900 million and presence in the e-commerce and food and beverage market made the company an attractive investment. The acquisition leverages Intelligrated’s mission critical warehouse executions systems, order fulfillment technologies and software solutions.
“The Intelligrated story has always been defined by innovation and doing whatever it takes to give our customers a competitive edge,” says Chris Cole, CEO, Intelligrated. “Joining Honeywell enables us to break new ground with the most advanced levels of systems integration, intelligent software and controls, and data-driven efficiency. Our commitment to innovation and intense focus on customer service and support will continue to deliver unmatched results.”
Intelligrated designs, manufactures, installs and supports conveyor, sortation, palletizers, robotics, AS/RS solutions, warehouse execution systems, labor management software and order fulfillment technologies. The company provides comprehensive aftermarket support through its Lifecycle Support Services group, providing maintenance, technology refresh, modifications, system assessments, spare parts and track-driven training programs. Intelligrated employs more than 3,100 associates in the United States, Canada, Mexico, Brazil and China. The company posted 30.4 percent revenue growth from 2013 to 2015.