Intelligrated acquired by Honeywell in US$1.5B deal
As e-commerce continues to grow, Honeywell hopes the acquisition will satisfy customer demands for faster delivery times and more efficient warehouse, logistics and fulfillment solutions
Technology / IIoT
Food & Beverage
CINCINNATI—North American automated material handling solutions provider Intelligrated has entered an agreement to be acquired by Honeywell in a transaction valued at $1.5 billion. It will become part of the Sensing and Productivity Solutions (S&PS) division in Honeywell’s Automation and Control Solutions business.
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 employs more than 3,100 workers in the U.S., Canada, Mexico, Brazil and China.
“E-commerce continues to grow at an unprecedented rate and customer demands for faster delivery times have created a need for warehouse, logistics and fulfillment solutions that can increase productivity and lower costs for our customers,” said Alex Ismail, president and CEO of Honeywell Automation and Control Solutions. “This acquisition fits with our vision for a connected industrial company and a connected worker.”
Intelligrated’s 2016 sales are estimated to be approximately $900 million.
The company said in a press release that its co-founders Chris Cole and Jim McCarthy will “…continue to serve in a leadership role.”
Honeywell employs approximately 130,000 people worldwide, generating revenues of $38.6 billion in 2015.
“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. “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.”