Two leading systems suppliers to merge

Dematic says the acquisition of HK Systems should close in the third quarter of 2010.

By ·

Dematic, a leading global supplier of integrated material handling solutions and services, announces it has signed an agreement in principle to purchase HK Systems, a North American automated material handling and software solutions provider. The transaction is expected to close sometime in the third quarter of 2010.

Complementary Expertise delivers more value to customers
The Dematic and HK Systems merger will result in a stronger and more responsive company providing added value and expanded solution portfolios for customers. The merger will leverage the complementary technical strength of both companies to bring high performance solutions to market.

“With the addition of HK Systems and its highly complementary market focus, Dematic will be able to provide customers throughout the world an enhanced solutions offering. We can now leverage our respective expertise and experience in serving the supply chain logistics market not only in North America but globally, to deliver added value to both existing and potential customers,” said Roar Isaksen, president and CEO of Dematic Group.

Both companies have a strong heritage for delivering value and both have long-standing expertise in designing, delivering and supporting comprehensive material flow solutions. The combined product portfolios and solution sets will offer customers a wider range of state-of-the-art material handling systems and services. Also, the combined companies will be able to provide an end to end solution footprint for a wider variety of market sectors from manufacturing to distribution.

“Customers are calling for integrated solutions that enable them to move products and information fast, reliably and efficiently through the supply chain,” said John Baysore, president and CEO of Dematic North America. “By combining the passion, creativity and technology of two synergistic companies, we will continue to drive innovations that help customers optimize their production and distribution operations.”

Leveraging the two organizations
Beyond the comprehensive technology, the acquisition will bring together the global engineering talent, customer focus and project execution expertise of two highly skilled teams. The two companies share a common vision and business strategy committed to delivering logistics solutions with a strong return on investment for customers.

“This merger is a great opportunity for the employees of HK Systems to become part of a worldwide corporation. HK Systems’ logistics capabilities and integration strength will give the joint organization expanded opportunities to grow in new vertical markets in North America and beyond,” said John Splude, executive chairman of HK Systems.


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Latest Whitepaper
How Industry 4.0 Design Principles are Shaping the Future of Intralogistics
Industry 4.0 is changing how we interact with machines and how those machines interact with each other.
Download Today!
From the January 2018 Modern Materials Handling Issue
PFS built one of the largest and most automated AS/RS freezers in the world in Washington state. Next up is a new design for automation. Automated Storage/ Automated Retrieval System, Cold Storage.
Lift Truck Series Part 1: Lift truck technology connects pickers to productivity
Breaking Through On Yard Visibility
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Emerging Technologies for Your Distribution Center
Come get an insider's view of the latest technologies for inside your Distribution Center. You'll learn which technologies are being piloted, which are having success and moving from concept to implementation and into production on the maturity scale, and what's coming on the horizon.
Register Today!
EDITORS' PICKS
Trinchero Family Estates: Pallet handling in the vineyard
The second-largest family-owned wine company in the world turns to automated pallet handling and...
System Report: Rocky Brands Sees the Light
Confronting an aging materials handling system and new channels of business with new customer...

Top 20 industrial lift truck suppliers, 2017
The top lift truck suppliers list is changing with industry acquisitions causing a dramatic...
Lodge Manufacturing: Distribution Cast in Iron
In a new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business...