Honeywell has signed an agreement to buy supply chain and warehouse automation company Intelligrated for $1.5billion. Once approved, Intelligrated will become a part of Honeywell’s automation and control solutions business.
“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.”
The purchase is forecast to close by the end of the third quarter, subject to conditions and regulatory review.