Honeywell to buy privately held Intelligrated for $1.5 billionStaff writer ▼ | July 1, 2016
Honeywell International will buy distribution systems and logistics company Intelligrated Inc for $1.5 billion from a company backed by the Permira funds.
Acquisition Sensing and Productivity Solutions
Mason, Ohio-based Intelligrated, which will be part of Honeywell's Sensing and Productivity Solutions after the deal is closed, is expected to record sales of about $900 million this year.
Last week, Intelligrated's larger peer Dematic was bought by German forklift truck maker Kion Group for $3.25 billion to expand into automated warehouses and supply chains that have ballooned with the growth of e-commerce. ■