Honeywell completes acquisition of Intelligrated
September 13, 2016
Honeywell has completed its $1.5bn acquisition of Intelligrated, a privately held Ohio-based supply chain and warehouse automation company.
"With the continued growth of e-commerce, retailers and supply chain companies need a range of enterprise solutions to enhance their operational accuracy, efficiency and safety," said John Waldron, president and CEO of Honeywell’s safety and productivity group. "We welcome the talented Intelligrated team to Honeywell and look forward to bringing together their innovative automated material handling with our data capture and workflow performance technology. Our offering will enable businesses to harness the power of the industrial internet of things to optimise productivity and increase fulfilment speed."
Intelligrated's supply chain and logistics products include automated storage and retrieval systems, palletisers, robotics, software and tote-handling systems. The business will be integrated into Honeywell safety and productivity group and led by Intelligrated's co-founder Chris Cole.
The safety and productivity group provides technology that improves enterprise performance, enhances workplace safety and enables greater product design innovation. Customers rely on Honeywell's connected products to increase worker productivity, enrich operational intelligence with data-driven insights and provide real-time safety intelligence.
New Jersey-based Honeywell is a Fortune 100 diversified technology and manufacturing company, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials.