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Supply chain optimizer purchased for US$2.1 billion

WIESBADEN: June 21, 2016. Forklift supplier Kion Group is to acquire Luxembourg-based supply chain optimizer Dematic for US$2.1 billion.

Kion is purchasing the company from fund managers AEA Investors and the Ontario Teachers' Pension Plan. Assuming satisfactory due diligence and regulatory approval, the deal is expected to close in the last quarter of 2016.

Kion 1The acquisition is aimed at establishing Kion as a global leader in ‘Intralogistics 4.0’ - offering intelligent supply chain and automation solutions for materials handling from manually operated industrial trucks to fully automated warehouses.

"With the acquisition of Dematic we are substantially changing and enhancing what Kion Group is and does – for further profitable growth in a quickly changing industry and digitalized world," said CEO Gordon Riske. “We are becoming a unique provider of products, services and solutions. Like no other company in our industry, we can accompany every customer seamlessly on its journey to Industry 4.0 and Intralogistics 4.0 now and everywhere.”

Dematic is a global supplier of advanced integrated automation technology, software and services covering Automated Guided Vehicles (AGVs), palletizers, storage and picking equipment including automated storage and retrieval systems, sorters and conveyors.

Employing more than 3,000 engineers in software development, R&D, engineering, project management and customer service, last year the company generated US$1.8 billion in revenue and produced an EBIT of US$166 million from 100 locations in 22 countries.

In 2015, Kion generated US$5.1 billion in revenue while employing 23,500 people in more than 100 countries.

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