Honeywell to acquire Intelligrated
Intelligrated announced it has entered an agreement to be acquired by Honeywell in a transaction valued at $1.5 billion. Intelligrated’s 2016 sales are estimated to be approximately $900 million and brings an portfolio of warehouse automation, order fulfillment and software solutions with an extensive presence in North American e-commerce, retail, food and beverage markets. 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.