{"id":2438,"date":"2016-06-23T07:29:41","date_gmt":"2016-06-23T07:29:41","guid":{"rendered":"http:\/\/www.findadistributor.com\/news\/?p=2438"},"modified":"2016-06-23T10:41:22","modified_gmt":"2016-06-23T10:41:22","slug":"kion-group-acquires-dematic","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/","title":{"rendered":"Kion Group Acquires Dematic"},"content":{"rendered":"

The Kion Group AG<\/a>, already one of the two largest suppliers of forklift trucks, warehouse equipment and related services, will become one of the leading global providers of intelligent intralogistics solutions by acquiring Dematic<\/a>, an automation provider and specialist in supply chain optimization.<\/p>\n

The Kion Group<\/a> agreed with funds managed by AEA Investors and Ontario Teachers’ Pension Plan as the sellers on this landmark transaction to create a true global provider with close to 30,000 employees, more than \u20ac6.7 billion in revenue for the calendar year 2015 and a strong profitability with a combined adjusted EBIT margin of approx. 9.4% for this period. After deductions for certain liabilities, the Kion<\/a> Group expects the purchase price for the shares to amount to approx. $2.1 billion, based on an enterprise value of Dematic<\/a> of $3.25 billion.The transaction is subject to customary closing conditions and regulatory approvals and is expected to be closed in the course of the fourth quarter of 2016.<\/p>\n

Dematic<\/a> is a leading global supplier of advanced integrated automation technology, software and services to optimize supply chains and to meet the material handling automation needs of its customers. The company’s product and systems portfolio ranges from Automated Guided Vehicles (AGVs), palletizers, storage and picking equipment including automated storage and retrieval systems, sorters and conveyors to a leading integrated software platform and automation technologies.<\/p>\n

“With the acquisition of Dematic<\/a> we are substantially changing and enhancing what Kion Group<\/a> is and does\u2014for further profitable growth in a quickly changing industry and digitalized world,” said Kion Group<\/a> CEO Gordon Riske.<\/p>\n

“We are becoming a unique provider of products, services and solutions. Like no other company in our industry, we can accompany every customer seamlessly on its journey to Industry 4.0 and Intralogistics 4.0 now and everywhere.”<\/p>\n

“This transaction will be transformational to our industry. Kion Group<\/a> and Dematic<\/a> together will design and deliver solutions that better position our customers to respond to dynamic demand,” said Ulf Henriksson, CEO of Dematic. “With a shared vision and commitment to R&D, the combined company will continue to focus on superior customer solutions with significant investment in this area. Together, KION Group and Dematic will jointly define a new era in material handling solutions.”<\/p>\n

Dematic<\/a> has been growing annually by more than 12% since 2013. It generated approx. $1.8 billion in revenue and achieved an adjusted EBIT of $166 million during the calendar year 2015. Dematic employs almost 6,000 skilled logistics professionals\u2014including over 3,000 engineers in software development, R&D, engineering, project management and customer service\u2014to support its customers globally, with engineering centers and manufacturing facilities located around the globe.<\/p>\n

With more than 100 locations Dematic<\/a> is present in 22 countries. The company is a leading player in the USA, Europe, and worldwide. Dematic<\/a> has implemented more than 4,500 integrated systems for small, medium and large companies with business in a broad variety of industries around the globe including the fast-growing e-commerce business.<\/p>\n

The purchase of Dematic<\/a> will establish the Kion Group<\/a> as a global leader in Intralogistics 4.0. Leveraging its sales and service networks, technologies and resources, the enlarged company will be able to seamlessly offer the full material handling product and service offering to customers of all sizes in a broad range of industries across the world.<\/p>\n

This most comprehensive material handling solutions offering in the market ranges from manually operated industrial trucks to complete fully automated warehouses. The Kion Group will thus enhance its position as one-stop-supplier for intelligent supply chain and automation solutions and is now perfectly positioned for attractive and profitable growth driven by megatrends like Industry 4.0, digitalization and e-commerce.\"Screen<\/a><\/p>\n

Both companies contribute strong complementary market positions and geographical footprint as an opportunity for revenue growth. Dematic<\/a> will leverage the Kion Group’s service network and brand reputation in key markets like Europe, China and Brazil, whereas the Kion will take advantage of Dematic<\/a>‘s strong position in the US and European automation markets in particular. This complementarity is also the source of cost synergies from this combination. Kion Group’s strong sales and service network together with Dematic’s sizeable installed base provides the basis for unlocking further revenue potential from services and systems upgrades.<\/p>\n

In the past year, the Kion Group already started to build up a strong position as provider of automated systems solutions by acquiring Egemin Automation and Retrotech, thereby making further inroads in this attractive and growing market.<\/p>\n

“The entire Kion Group supervisory board is excited about the combination of Kion Group and Dematic<\/a> and is fully supportive of this landmark transaction. This marks another milestone in the implementation of the Kion Group Strategy 2020,” said John Feldmann, chairman of the Kion Group supervisory board. “Together Kion Group and Dematic<\/a> will be even better able to offer their customers worldwide the best suiting products and solutions available on the market.”<\/p>\n

After closing of the transaction, Dematic<\/a> will be integrated into the Kion Group forming an additional fifth operating unit, which will also comprise the businesses of Egemin Automation and Retrotech. This future Kion Group operating unit will be headed by Ulf Henriksson as its president.<\/p>\n

The transaction will be funded initially with a bridge loan facility of \u20ac3.0 billion which has been firmly committed by a group of Kion Group’s core relationship banks. Kion Group intends to permanently refinance the acquisition through equity, long-term capital markets and bank debt. The equity issuance of up to 10% of new shares would utilize the entire currently existing authorized share capital and is fully supported by Kion\u2019s major shareholder Weichai Power.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Kion Group AG, already one of the two largest suppliers of forklift trucks, warehouse equipment and related services, will become one of the leading global providers of intelligent intralogistics solutions by acquiring Dematic, an automation provider and specialist in supply chain optimization. The Kion Group agreed with funds managed by AEA Investors and Ontario… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":2439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[203,1007,1192,95,282,106,1191],"class_list":["post-2438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-dematic","tag-forklift-trucks","tag-intelligent-intralogistics-solutions","tag-intralogistics","tag-kion-group","tag-material-handling","tag-warehouse-equipment"],"acf":[],"yoast_head":"\nKion Group Acquires Dematic - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kion Group Acquires Dematic - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"The Kion Group AG, already one of the two largest suppliers of forklift trucks, warehouse equipment and related services, will become one of the leading global providers of intelligent intralogistics solutions by acquiring Dematic, an automation provider and specialist in supply chain optimization. The Kion Group agreed with funds managed by AEA Investors and Ontario... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/\" \/>\n<meta property=\"og:site_name\" content=\"Find A Distributor Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-23T07:29:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-06-23T10:41:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-23-at-07.48.28.png\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"fad\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/\"},\"author\":{\"name\":\"fad\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\"},\"headline\":\"Kion Group Acquires Dematic\",\"datePublished\":\"2016-06-23T07:29:41+00:00\",\"dateModified\":\"2016-06-23T10:41:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/\"},\"wordCount\":906,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/Screen-Shot-2016-06-23-at-07.48.28.png\",\"keywords\":[\"Dematic\",\"Forklift Trucks\",\"intelligent intralogistics solutions\",\"Intralogistics\",\"KION Group\",\"Material Handling\",\"warehouse equipment\"],\"articleSection\":[\"Homepage Featured\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/\",\"name\":\"Kion Group Acquires Dematic - Find A Distributor Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/Screen-Shot-2016-06-23-at-07.48.28.png\",\"datePublished\":\"2016-06-23T07:29:41+00:00\",\"dateModified\":\"2016-06-23T10:41:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/Screen-Shot-2016-06-23-at-07.48.28.png\",\"contentUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/Screen-Shot-2016-06-23-at-07.48.28.png\",\"width\":740,\"height\":420},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/kion-group-acquires-dematic\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kion Group Acquires Dematic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/\",\"name\":\"Find A Distributor Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\",\"name\":\"fad\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"caption\":\"fad\"},\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/author\\\/fad\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kion Group Acquires Dematic - Find A Distributor Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/","og_locale":"en_US","og_type":"article","og_title":"Kion Group Acquires Dematic - Find A Distributor Blog","og_description":"The Kion Group AG, already one of the two largest suppliers of forklift trucks, warehouse equipment and related services, will become one of the leading global providers of intelligent intralogistics solutions by acquiring Dematic, an automation provider and specialist in supply chain optimization. The Kion Group agreed with funds managed by AEA Investors and Ontario... Read More","og_url":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/","og_site_name":"Find A Distributor Blog","article_published_time":"2016-06-23T07:29:41+00:00","article_modified_time":"2016-06-23T10:41:22+00:00","og_image":[{"width":740,"height":420,"url":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-23-at-07.48.28.png","type":"image\/png"}],"author":"fad","twitter_misc":{"Written by":"fad","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#article","isPartOf":{"@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/"},"author":{"name":"fad","@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff"},"headline":"Kion Group Acquires Dematic","datePublished":"2016-06-23T07:29:41+00:00","dateModified":"2016-06-23T10:41:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/"},"wordCount":906,"commentCount":0,"image":{"@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#primaryimage"},"thumbnailUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-23-at-07.48.28.png","keywords":["Dematic","Forklift Trucks","intelligent intralogistics solutions","Intralogistics","KION Group","Material Handling","warehouse equipment"],"articleSection":["Homepage Featured","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/","url":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/","name":"Kion Group Acquires Dematic - Find A Distributor Blog","isPartOf":{"@id":"https:\/\/www.findadistributor.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#primaryimage"},"image":{"@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#primaryimage"},"thumbnailUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-23-at-07.48.28.png","datePublished":"2016-06-23T07:29:41+00:00","dateModified":"2016-06-23T10:41:22+00:00","author":{"@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff"},"breadcrumb":{"@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#primaryimage","url":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-23-at-07.48.28.png","contentUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2016\/06\/Screen-Shot-2016-06-23-at-07.48.28.png","width":740,"height":420},{"@type":"BreadcrumbList","@id":"https:\/\/www.findadistributor.com\/news\/kion-group-acquires-dematic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.findadistributor.com\/news\/"},{"@type":"ListItem","position":2,"name":"Kion Group Acquires Dematic"}]},{"@type":"WebSite","@id":"https:\/\/www.findadistributor.com\/news\/#website","url":"https:\/\/www.findadistributor.com\/news\/","name":"Find A Distributor Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.findadistributor.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff","name":"fad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","caption":"fad"},"url":"https:\/\/www.findadistributor.com\/news\/author\/fad\/"}]}},"_links":{"self":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/2438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/comments?post=2438"}],"version-history":[{"count":3,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/2438\/revisions"}],"predecessor-version":[{"id":2442,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/2438\/revisions\/2442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/media\/2439"}],"wp:attachment":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/media?parent=2438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/categories?post=2438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/tags?post=2438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}