Intelligrated will become part of Sensing and Productivity Solutions (S&PS) in Honeywell's Automation and Control Solutions business.
Intelligrated, a North American-based automated material handling solutions provider with operations in Mexico, has entered an agreement to be acquired by Honeywell in a transaction valued at $1.5 billion, according to a brief the company posted on its website.
Intelligrated's 2016 sales are estimated to be approximately $900 million and brings a portfolio of warehouse automation, order fulfillment and software.
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.
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 associates in the United States, Canada, Mexico, Brazil and China. The company posted 30.4% revenue growth from 2013 to 2015.
You might also be interested in:
In addition to the US and Mexico, we now offer talent acquisition services in Brazil!
The Covid crisis has touched almost everyone on the planet, and the Industrial sector is no exception. It has led to both depression at lockdowns and falling numbers and anticipation at the potential for transformation and new opportunities.