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Dematic Reddwerks in the news.

PRESS RELEASE

Jun 21, 2016

KION Group to become a global leader in intralogistics solutions by acquiring Dematic

KION Group to become a global leader in intralogistics solutions by acquiring Dematic

  • Combination of KION Group and Dematic creates a global leader in advanced material handling solutions
  • KION Group establishes a provider of the full range of material handling solutions – from hand pallet and forklift trucks to complete fully automated warehouse systems
  • KION Group expects the purchase price for the shares to amount to approx. USD 2.1 billion, based on an enterprise value of Dematic of USD 3.25 billion
  • Dematic contributes approx. USD 1.8 billion in revenue (calendar year 2015) with attractive growth KION Group establishes with Dematic a critical presence in the Americas and further develops its business in Europe and Asia
  • Committed bridge financing; long-term financing with mix of equity and debt maintaining solid cross-over credit profile
  • Closing of the transaction expected in Q4 2016; transaction subject to customary closing conditions and regulatory approvals

PRESS RELEASE

Dec 14, 2015

Dematic Completes Acquisition Of Reddwerks

Dematic, a leading global supplier of integrated automated technology, software and services to optimize the supply chain, announced today the completion of its acquisition of Reddwerks Corporation. The acquired company is a leading innovator of Warehouse Execution Software (WES) that provides customers with real-time decision engines to optimize material and information flow in the supply chain. Reddwerks will operate as a subsidiary of Dematic under the tradename Dematic Reddwerks, offering an enhanced software suite that provides responsive order fulfillment to Dematic and Dematic Reddwerks customers.

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