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.
By Modern Materials Handling Staff
August 02, 2012 - MMH Editorial

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!

Recent Entries

Materials handling among fastest-growing segments as 2015 orders increased 14% in units and 11% in dollars over 2014's record year.

Prevent unwelcome and unpleasant surprises in a new installation or upgrade that can cause setbacks in your schedule and budget.

MagneMotion specializes in intelligent conveying systems used in automotive, general assembly, packaging and material handling applications.

Certification enables participants to build and sustain a maintenance program, establish KPIs, increase productivity and build a problem-solving culture.

Estimate comes in higher than the 10-year average of 2.7%, but falls short of the NRF’s 2015 estimate of 4.1%.

Article Topics

News · Automation · Intelligrated · Permira · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA