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. [Read more…] about Honeywell to buy Intelligrated