{"id":2480,"date":"2016-07-04T06:46:47","date_gmt":"2016-07-04T06:46:47","guid":{"rendered":"http:\/\/www.findadistributor.com\/news\/?p=2480"},"modified":"2016-07-04T08:48:37","modified_gmt":"2016-07-04T08:48:37","slug":"honeywell-to-acquire-intelligrated","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/honeywell-to-acquire-intelligrated\/","title":{"rendered":"Honeywell to Acquire Intelligrated"},"content":{"rendered":"

Diversified technology and manufacturing specialist Honeywell<\/a> has signed an agreement to acquire privately held, supply chain and warehouse automation leader Intelligrated<\/a> for $1.5 billion from a company backed by the Permira funds.<\/p>\n

The purchase price translates to approximately 12 times Intelligrated\u2019s estimated 2016 earnings before interest, taxes, depreciation and amortization (EBITDA). The company\u2019s 2016 sales are estimated to be approximately $900 million.<\/p>\n

The transaction is expected to close by the end of the third quarter, subject to customary closing conditions, including regulatory review. Upon approval, Intelligrated will be part of Sensing and Productivity Solutions (S&PS) in Honeywell\u2019s Automation and Control Solutions business.<\/p>\n

Intelligrated<\/a> designs, manufactures, integrates and installs complete warehouse automation solutions, software and services that result in smarter distribution and fulfillment operations. Its supply chain and warehouse solutions drive improved productivity and lower costs for retailers, manufacturers, and logistics providers around the world.<\/p>\n

The company has grown at a compound annual growth rate (CAGR) of approximately 13% over the past three years, faster than the industry overall. Intelligrated has a large and growing customer base of more than $5 billion, including leading Fortune 500 retailers, manufacturers and logistics providers worldwide, top consumer products companies, 30 of the top 50 U.S. retailers, and half of the top 100 Internet retailers.\"2000px-Honeywell_logo.svg_\"<\/a><\/p>\n

“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,\u201d said Alex Ismail, president and CEO of Honeywell<\/a> Automation and Control Solutions. \u201cThis acquisition fits with our vision for a connected industrial company and a connected worker.\u201d<\/p>\n

\u201cIntelligrated<\/a>\u2019s leading supply chain automation solutions are a fantastic complement to Honeywell<\/a>\u2019s portfolio of industry-leading workflow performance solutions including cloud-connected mobile worker applications, high-performance data collection hardware, and other technologies to improve worker productivity,\u201d said John Waldron, president of Honeywell<\/a> Sensing and Productivity Solutions. \u201cThe leadership team at Intelligrated is top-notch and we look forward to working with them to expand our presence globally.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Diversified technology and manufacturing specialist Honeywell has signed an agreement to acquire privately held, supply chain and warehouse automation leader Intelligrated for $1.5 billion from a company backed by the Permira funds. The purchase price translates to approximately 12 times Intelligrated\u2019s estimated 2016 earnings before interest, taxes, depreciation and amortization (EBITDA). The company\u2019s 2016 sales… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":2481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,10],"tags":[1214,132,1216,1215],"class_list":["post-2480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-top","category-news","tag-honeywell","tag-intelligrated","tag-material-handling-technology","tag-supply-chain-acquisition"],"acf":[],"yoast_head":"\nHoneywell to Acquire Intelligrated - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/honeywell-to-acquire-intelligrated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honeywell to Acquire Intelligrated - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Diversified technology and manufacturing specialist Honeywell has signed an agreement to acquire privately held, supply chain and warehouse automation leader Intelligrated for $1.5 billion from a company backed by the Permira funds. 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