Intelligrated to be acquired by Honeywell for US$ 1.5 billion

Intelligrated to be acquired by Honeywell for US$ 1.5 billion

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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 US$ 1.5 billion, according to a brief the company posted on its website.

Intelligrated's 2016 sales are estimated to be approximately US$ 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.