Honeywell recently announced that it has agreed to acquire supply chain and warehouse automation leader Intelligrated for $1.5 billion. 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 the 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. Its customer base includes Fortune 500 retailers, manufacturers and logistics providers worldwide, as well as top consumer product 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 fulfillment 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."
Headquartered in Mason, Ohio, Intelligrated employs more than 3,100 people in manufacturing and regional offices across the United States, Canada, Mexico, Brazil and China.
For more information, visit www.honeywell.com.