Dematic Group Completes Acquisition of HK Systems, Inc.
Grand Rapids, MI, September 16, 2010 --- Dematic Group, a leading global supplier of integrated material handling solutions and services, announces today that it has successfully completed the acquisition of HK Systems, a North American automated material handling and software solutions provider. This strategic union was made final on September 15, 2010.
John K. Baysore, Chief Executive Officer, Dematic North America, will be responsible for leading and developing the newly combined company in the United States and Canada. With more than twenty 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 stated. “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.”
For more information regarding this announcement, visit www.dematic.us
About Dematic
Dematic is a global provider of intelligent logistics and materials handling solutions. With a global knowledge network of more than 4100 skilled logistics professionals, Dematic is able to provide its customers a unique perspective in world class materials handling solution design. Our commitment to product and solution R&D combined with manufacturing plants in the US, Europe, China and Australia ensures Dematic has the range and capability to provide reliable, flexible, cost effective solutions globally. Our track record of success has led to the development and implementation of more than 4800 world class integrated systems for a customer base including some of the world’s biggest companies. Dematic currently generates a global business volume of around $1.2 billion.
