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. Robot
    24.03.2021
    24.03.2021
    by      In , In , In
    A startup company that aims to develop general-purpose robots for space stations, the surface of the Moon and Mars has attracted the attention of Epson and its subsidiary, Epson X Investment Corporation, who will provide funding.
    GITAI, based in Japan, aims to lessen the risk and burden on... Read More
  2. Photo of Oskar Lapp
    19.03.2021
    19.03.2021
    by      In , In
    The life of a technology pioneer whose cables, connectors and automation innovations are helping facilitate automation and Industry 4.0 transformations now sweeping the globe is being celebrated in Australia this month on the 100th anniversary of the birth of Oskar Lapp.
    LAPP Australia is one of... Read More
  3. AMGC webinar flyer
    16.03.2021
    16.03.2021
    by      In , In
    The Australian Government has announced a $30 million fund to help smaller local manufacturers turn their ideas into commercial outcomes and help create more jobs.
    Minister for Industry, Science and Technology Karen Andrews said the Commercialisation Fund would foster projects that bring industry... Read More
  4. JobMaker promotion graphic
    12.03.2021
    12.03.2021
    by      In , In
    The ATO’s Deputy Commissioner, James O’Halloran, is urging employers to contact their tax or BAS agents, or visit the ATO’s website, if they need advice on applying for the government’s JobMaker Hiring Credit, introduced at the end of last year.
    Under the initiative, which has a cut-off date of... Read More
Products
Suppliers