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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.

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