Contract Logistics

The KION Group Completes its Acquisition of Dematic

The KION Group Completes its Acquisition of Dematic
Danny Gill

The KION Group has successfully completed the acquisition of Dematic. The purchase positions the KION Group to be one of the world’s largest providers of supply chain solutions.

“Today marks the dawn of a new era for the KION Group, Dematic and our customers,” said Chief Executive Officer of the KION Group, Gordon Riske. “The transaction brings together the world’s most profitable manufacturer of forklift trucks and warehouse technology with one of the largest and fastest-growing warehouse automation and software solutions providers. Our combined global presence, intelligent and tailored material handling as well as comprehensive automation and software technology solutions, plus now more than 30,000 dedicated and highly skilled employees will enable us to deliver even more value for our customers.”

“At Dematic, we are proud to move forward as part of the KION Group, which even better positions us to assist our customers with supply chain performance. The newly established solution portfolio affords our customers the ability to accommodate their ever changing business requirements and will dynamically optimize their warehouse and distribution functions,” said the newly appointed President and CEO of the Dematic operating unit, John Baysore. “The market for system solutions is expected to grow by around 10 percent per year in the medium term. We have the innovative technology, software expertise and global network to meet the supply chain requirements of the future, such as those resulting from the rapidly growing e-commerce sector and the many other vertical markets we serve.”

The two companies complement one another with strong market positions and regional presence thus opening up further opportunities for cross-selling and will generate additional cost synergies. Dematic will make use of the reputation and leading market positions of KION’s forklift brands in key markets such as Europe, China and Brazil, while the KION Group benefits from Dematic’s strong position in the U.S. and European automation markets.

Contract Logistics
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

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