Honeywell to buy Permira-backed logistics player Intelligrated for $1.5b

Honeywell to buy Permira-backed logistics player Intelligrated for $1.5b

A view of the corporate sign outside the Honeywell International Automation and Control Solutions manufacturing plant in Golden Valley, Minnesota, in this file photo dated January 28, 2010. REUTERS/ Eric Miller

Diversified industrial conglomerate Honeywell International Inc agreed to buy distribution systems and logistics company Intelligrated Inc for $1.5 billion from a company backed by the Permira funds.

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