Kion Group is about to become an international logistics leader.
The manufacturer of European industrial trucks announcement On Tuesday, he acquired Dematic, a world supplier of integrated automated technologies and an expertise in optimizing the supply chain. THE acquisition should advance Kion Group’s reputation as one of the world’s main suppliers of intelligent intralical solutions.
Funds managed by transaction sellers, AEA investors and the Ontario teacher pension plan plans to create a company with more than 30,000 employees and 6.7 billion euros ($ 7.6 billion) in income.
The purchase price of shares is expected to reach around $ 2.1 billion, depending on the value of the Demaid company of $ 3.25 billion. The acquisition transaction should end at the end of the fourth quarter of the 2016 financial year.
“This transaction will be transformational to our industry. Kion Group and Demand Together will design and provide solutions that position our customers better to meet dynamic demand,” said Dematic Directorate, Ulf Henriksson. “With a shared vision and a commitment to R&D, the combined company will continue to focus on higher customer solutions with significant investments in this area. Together, Kion Group and Demaic will jointly define a new era in material handling solutions. ”
The purchase of Demand will help to establish the Kion group as one of the best suppliers with one -stop shop for the solutions of intelligent supply and automation chain. Kion will be able to create a transparent process of product management and services to global industry customers by taking advantage of its sales and services, resources and technology networks.
The partnership would increase market positions, increase geographic footprint and promote income growth. Demandic will help the reputation and network of Kion brand services on the main global markets, such as Brazil, China and Europe, while Kion will work with the strong influence of Dematic in the US and Europe automation sectors.
“During the three years that followed, Demostic obtained impressive results: rapid growth in the order book, sales and profitability; considerably improved global trade processes; And an extended and diversified global clientele, “said Dematic president G. Richard Wagoner, Jr.” To support the next stage in Demostic and our customers, employees and other voters, we are very happy to have Kion Group as the company’s new home. “