Dematic Group completes acquisition of HK Systems

The expanded footprint will allow the company to domestically manufacture automated storage and retrieval machines and automated guided vehicles in addition to conveyor, sortation and order fulfillment technology.
By Modern Materials Handling Staff
September 16, 2010 - MMH Editorial

Dematic Group, a leading global supplier of integrated materials handling solutions and services, announced today that it has successfully completed the acquisition of HK Systems, a North American automated materials handling and software solutions provider. This strategic union was made final on September 15, 2010.

John K. Baysore, CEO of Dematic North America, will be responsible for leading and developing the newly combined company in the United States and Canada. With more than 20 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 said. “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.”

Modern originally reported on this merger back on August 6.  Click here to read more…



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Pacific Maritime Association (PMA), representing employers at 29 ports, and the International Longshore and Warehouse Union (ILWU), which represents 20,000 dockworkers, have come to a tentative agreement on a key issue in ongoing contract negotiations.

Diesel prices continued their ongoing decline, with the average price per gallon falling 6.7 cents to $2.866 per gallon, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

Unlike other shipping companies, the Postal Service is not implementing any new dimensional weight charges with this pricing proposal

Drewry is expecting the recent spate of freight rate volatility to continue.

For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

About the Author

Bob Heaney is a seasoned professional with over 25 years of distinguished leadership experience in research, analysis, and advisory roles in Supply Chain Engineering. Heaney’s coverage area within Aberdeen includes various elements of Supply Chain Execution (Transportation Management, Warehouse Management, Distributed Order Management and Supply Chain Visibility). Contact Bob Heaney

Comments

Post a comment
Commenting is not available in this channel entry.