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honeywell intelligrated

Honeywell to buy Intelligrated

July 7, 2016 by David Edwards

honeywell intelligrated

Honeywell has signed an agreement to acquire privately held, supply chain and warehouse automation provider Intelligrated for $1.5 billion from a company backed by the Permira funds.

The purchase price translates to approximately 12 times Intelligrated’s estimated 2016 earnings before interest, taxes, depreciation and amortization. The company’s 2016 sales are estimated to be approximately $900 million.

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 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 fulfillment operations. Its supply chain and warehouse solutions drive improved productivity and lower costs for retailers, manufacturers, and logistics providers around the world.

The company has grown at a compound annual growth rate of approximately 13 percent 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 US retailers, and half of the top 100 Internet retailers.

Alex Ismail, president and CEO of Honeywell Automation and Control Solutions, says: “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.

“This acquisition fits with our vision for a connected industrial company and a connected worker.”

John Waldron, president of Honeywell Sensing and Productivity Solutions, says: “Intelligrated’s leading supply chain automation solutions are a fantastic complement to Honeywell’s 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.

“The leadership team at Intelligrated is top-notch and we look forward to working with them to expand our presence globally.”

Intelligrated, headquartered in Mason, Ohio, employs more than 3,100 people in manufacturing and regional offices located across the United States, Canada, Mexico, Brazil and China. The company was founded in 2001 and grew quickly via organic growth and strategic acquisitions.

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Filed Under: Companies news, News Tagged With: automation, chain, control, honeywell, intelligrated, logistics, manufacturers, sensing, solutions, supply, warehouse

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