Intelligrated, a Mason, Ohio-based provider of automated material handling solutions, services and products, has been acquired by Permira in a transaction at a valuation in excess of $500m.
Following the transaction, the company will continue to be led by founders Chris Cole and Jim McCarthy, who have maintained a significant stake in Intelligrated. The investment will help the company further penetrate its customer base in North America, expand in emerging markets in partnership with its global customers, increase product offerings and global capabilities through investment and selective M&A, and enhance focus on aftermarket services.
With operations throughout the United States and in Canada, Mexico and Brazil, the company designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets.
Its solutions include conveyor systems, sortation systems, palletizers and robotics, order fulfillment systems, warehouse control software and advanced machine controls.
FinSMEs
02/08/2012