Highlights:
Intelligrated to join Sensing and Productivity Solutions (S&PS) in Honeywell's Automation and Controls Solutions Business
Acquisition leverages Intelligrated's mission critical warehouse executions systems, order fulfillment technologies and software solutions
Intelligrated portfolio complements Honeywell's scanning, mobile computer and voice technologies
Transaction valued at $1.5 billion
Co-founders will continue to serve leadership roles
Transaction expected to close by the end of the third quarter, subject to customary closing conditions, including regulatory approvals
(CINCINNATI: July 01, 2016)—Intelligrated® (www.intelligrated.com), a leading North American-based automated material handling solutions provider, announces it has entered an agreement to be acquired by Honeywell in a transaction valued at $1.5 billion. Intelligrated's 2016 sales are estimated to be approximately $900 million and brings an attractive portfolio of warehouse automation, order fulfillment and software solutions with an extensive presence in North American e-commerce, retail, food and beverage markets. Intelligrated co-founders Chris Cole and Jim McCarthy will continue to serve in a leadership role. Intelligrated will become part of Sensing and Productivity Solutions (S&PS) in Honeywell's Automation and Control Solutions business.
The match
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.
Honeywell employs approximately 130,000 people worldwide, generating revenues of $38.6 billion in 2015. Intelligrated's supply chain automation solutions are a complement to Honeywell's extensive workflow performance solutions, including cloud-connected mobile worker applications, high-performance data collection hardware and other technologies to improve worker productivity.
Positioned to shape the future of supply chain automation
As the cloud, mobility and the Internet of Things redefine how industries work, the acquisition of Intelligrated positions Honeywell S&PS as a leading force to define modern supply chains in the era of omnichannel retail and e-commerce.
"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."
Honeywell Sensing and Productivity Solutions is a global leader in enterprise and workflow performance solutions, custom-engineered sensors, switches and controls. Customers rely on Honeywell solutions to increase worker productivity and to enrich operational intelligence with data-driven insights that enable them to make better business decisions. For more information on Honeywell productivity solutions visit https://www.honeywellaidc.com.
For sales and marketing information, contact Tracy Niehaus, marketing manager, Intelligrated, by phone at 513.881.5239 or by email at tracy.niehaus@intelligrated.com.
For media information, contact Dan Gauss, public relations, Koroberi, at 919.797.2916 or by email at dan@koroberi.com.
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About Intelligrated
Intelligrated (www.intelligrated.com) is a leading North American-based, single-source provider of intelligent automated material handling solutions that drive fulfillment productivity for retailers, manufacturers and logistics providers around the world. Through a broad portfolio of automation equipment, software, service and support, Intelligrated solutions give businesses a competitive edge and optimize operational performance through increased flexibility, efficiency and accuracy.
Intelligrated designs, manufactures, integrates and installs complete material handling automation solutions including conveyor, IntelliSort sortation, Alvey palletizers and robotics, and automated storage and retrieval systems - all managed by advanced machine controls and software. Intelligrated Software offers warehouse execution systems, a scalable suite of software that manages the entire fulfillment process, including equipment, labor and business intelligence, integrated with voice- and light-directed picking and putting technologies.
From concept to integration to lifecycle support services, Intelligrated delivers dependable,
More Info: https://www.intelligrated.com/news/Acquisition-Honeywell
