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.