Dematic Group completes acquisition of HK Systems
Dematic Group, a leading global supplier of integrated materials handling solutions and services, announced today that it has successfully completed the acquisition of HK Systems, a North American automated materials handling and software solutions provider. This strategic union was made final on September 15, 2010.
John K. Baysore, CEO of Dematic North America, will be responsible for leading and developing the newly combined company in the United States and Canada. With more than 20 years of executive experience, Baysore will lead Dematic in the design, delivery and support of a more robust and diversified solution offering to the company’s customers.
The newly combined company will be called Dematic, with its North American headquarters in Grand Rapids, Michigan. The expanded manufacturing footprint will allow Dematic to domestically manufacture automated storage and retrieval machines and automated guided vehicles in addition to conveyor, sortation and order fulfillment technology.
“Throughout the transition, customers will remain our top priority,” Baysore said. “The combined company will provide enhanced material flow solutions to improve our customers’ supply chain performance while increasing their service levels and profitability. Our goal is to deliver seamless end-to-end solutions for diversified vertical markets from manufacturing to distribution. In addition, the acquisition combines two powerful customer service infrastructures to deliver the industry’s most responsive and dependable integrated material handling systems support.”
Modern originally reported on this merger back on August 6. Click here to read more…