Intelligrated, a leading North American-based provider of automated material handling solutions, services and products, announced today that it has entered an agreement to be acquired by a holding company owned by the European private equity firm Permira funds in a transaction at a valuation in excess of $500 million.The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to close in the third quarter of 2012.
Intelligrated’s management, led by founders Chris Cole and Jim McCarthy, will maintain a significant stake in the company as part of the transaction and will continue to lead the company.
The transaction, which is subject to regulatory…
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