none

HONEYWELL ACQUIRES INTELLIGRATED FOR $1.5 BILLION

05-07-2016
by 
in 

Honeywell has announced that is has signed an agreement to acquire Intelligrated, a privately held supply chain and warehouse automation company, for $1.5 billion.

Back by the Permira funds, the purchase is about 12 times Intelligrated’s estimated 2016 earnings before interest, taxes, depreciation and amortization (EBITDA), with the company’s 2016 sales estimated to be only around $900 million.

The transaction is expected to close in the third quarter and is subject to customary closing conditions, including regulatory review.

Intelligrated will then be part of Sensing and Productivity Solutions (S&PS) in Honeywell’s Automation and Control Solutions business.

Intelligrated designs, manufactures, integrates and installs complete warehouse automation solutions, software and services that result in smarter distribution and fulfilment operations.

The supply chian and warehouse solutions drive to improve productivity and lower cost for retailer’s manufacturers, and logistics providers.

The company has grown at approximately 13% over the last three years, and has a large and growing customer base of more than $5 billion, including 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.

"E-commerce continues to grow at an unprecedented rate and customer demands for faster delivery times have created a need for warehouse, logistics and fulfilment 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.”

Related news & editorials

  1. 19.04.2018
    19.04.2018
    by      In
    Even as Australia's manufacturing sector continues to reach new heights in expansion and consumer confidence, investigation shows that a significant proportion of manufacturers are heavily reliant on single key customers to stay in business. 
    The report, published by the Advanced Manufacturing... Read More
  2. 19.04.2018
    19.04.2018
    by      In
    The world of cleaning has changed so drastically in the past few years that the purchasing process has similarly had to evolve to keep up, says Denise Campbell, Sales Manager Direct Team, Nilfisk Direct.
    With planning and consideration, purchasing can reap short- and long-term benefits for... Read More
  3. 03.04.2018
    03.04.2018
    by      In
    Australia's PMI jumped up to 63.1 in March, surpassing the previous record of 62.1 (set in May 2002) and marking the highest rate of expansion since records began. 
    “March marked an eighteenth month of expanding or stable conditions for the Australian PMI, the longest run of continuous expansion... Read More
  4. 01.03.2018
    01.03.2018
    by      In
    February proved to be another strong month for manufacturing, with the Australian Performance of Manufacturing Index continuing to show strong growth. 
    The index landed at 57.5 last month, 1.2 down from January's high: while a slight decrease, the industry continues its strong trend of growth both... Read More