Permira funds complete acquisition of Intelligrated
Intelligrated, a leading North American-based provider of automated material handling solutions, services and products, announced that its acquisition by a holding company owned by the Permira funds has been successfully completed, in a transaction at a valuation in excess of $500 million.
in the NewsSupplier Relationship Micro Management June Cass Freight Index report is solid Move Inventory Faster Download: Material Handling Technology Survey Results Federal Maritime Commission now evaluating Transpacific carrier agreements More News
Intelligrated, a leading North American-based provider of automated material handling solutions, services and products, announced on July 31 that its acquisition by a holding company owned by the Permira funds has been successfully completed, in a transaction at a valuation in excess of $500 million. Intelligrated will continue to be led by its founders, Chris Cole and Jim McCarthy, who have maintained a significant stake in the company as part of the transaction.
Intelligrated designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets. Solutions offered by Intelligrated include conveyor systems, sortation systems, palletizers and robotics, order fulfillment systems, warehouse control software and advanced machine controls. Intelligrated will remain headquartered in Mason, Ohio, a suburb of Cincinnati, and has operations throughout the United States and in Canada, Mexico and Brazil.
The Permira funds’ investment will support the company’s growth opportunities, including further penetration of its customer base in North America, emerging markets expansion in partnership with its global customers, increased product offerings and global capabilities through investment and selective M&A, and an enhanced focus on aftermarket services.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Southern Glazer’s Wine & Spirits: Designed to Last Automation: What’s at the heart of your system? View More From this Issue