KION agrees to acquire Dematic
KION Group agreed to acquire Dematic for about $2.1 billion, adding a major warehouse automation and supply-chain robotics platform.
Evidence notes
- The agreed purchase price was about $2.1 billion.
- Dematic added warehouse automation and supply-chain optimization systems to KION's industrial-truck and services business.
- KION completed the takeover on 1 November 2016 and acquired 100 percent of Dematic's shares.