FORT MILL, S.C., Aug. 30, 2016 /PRNewswire/ -- Honeywell (NYSE:
HON) today announced that it has completed its $1.5 billion acquisition of Intelligrated, a
privately held leader in supply chain and warehouse automation
solutions, which was previously announced in July.
"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,
Honeywell Safety and Productivity Solutions. "We welcome the
talented Intelligrated team to Honeywell and look forward to
bringing together their innovative automated material handling
solutions and software with our data capture and workflow
performance technology. Our offering will enable businesses to
harness the power of the Industrial Internet of Things to optimize
productivity and increase fulfillment speed."
Intelligrated's supply chain and logistics solutions include
automated storage and retrieval systems, palletizers, robotics
solutions, software and tote-handling systems. The business will be
integrated into Honeywell Safety and Productivity Solutions and led
by Intelligrated's co-founder Chris
Cole, who will report directly to Waldron.
Honeywell Safety and Productivity Solutions provides technology
that improves enterprise performance, enhances workplace safety and
enables greater product design innovation. Customers rely on
Honeywell's connected solutions to increase worker productivity,
enrich operational intelligence with data-driven insights and
provide real-time safety intelligence.
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes, and industry; turbochargers; and performance
materials. For more news and information on Honeywell, please
visit www.honeywell.com/newsroom.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Contact:
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Media
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Investor
Relations
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Eric
Krantz
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Mark
Macaluso
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(803)
835-8230
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(973)
455-2222
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eric.krantz@honeywell.com
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mark.macaluso@honeywell.com
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SOURCE Honeywell