KION GROUP to Acquire Dematic

Transaction expected to close late this year with the goal of becoming a leading global provider of intelligent intralogistics.

The KION GROUP AG, a supplier of forklift trucks, warehouse equipment and related services, will reportedly become one of the leading global providers of intelligent intralogistics by acquiring Dematic, an automation provider and specialist in supply chain optimization.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to be closed in the fourth quarter of 2016.

Dematic is a global supplier of advanced integrated automation technology, software and services to optimize supply chains and to meet the material handling automation needs of its customers.

The company's product and systems portfolio ranges from Automated Guided Vehicles (AGVs), palletizers, storage and picking equipment including automated storage and retrieval systems, sorters and conveyors to an integrated software platform and automation technologies.

With more than 100 locations, Dematic is present in 22 countries worldwide, including the U.S. and Europe. Dematic has implemented more than 4,500 integrated systems for small, medium and large companies with business in a broad variety of industries around the globe including the fast-growing e-commerce business.

The purchase of Dematic will establish the KION Group in Intralogistics 4.0. Leveraging its sales and service networks, technologies and resources, the enlarged company will be able to seamlessly offer full material handling product and service offering to customers of all sizes in a broad range of industries across the world.

This material handling offering ranges from manually operated industrial trucks to complete fully automated warehouses.

Both companies contribute complementary market positions and geographical footprint as an opportunity for revenue growth. Dematic will leverage the KION Group's service network and brand reputation in key markets like Europe, China and Brazil, whereas the KION Group will take advantage of Dematic's strong position in the U.S. and European automation markets in particular.

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