KION Group acquires division of Egemin Group

摘要

The KION group has signed an agreement with the Belgian automation specialist Egemin Group to purchase its Handling Automation division for approximately $80 million. Egemin's Handling Automation division offers automated warehouse systems, automatic guided vehicles and in-floor chain conveyor solutions. In fiscal year 2014, the division generated approximately $86 million in revenue with more than 300 employees. The KION Group is one of the world's two largest suppliers of forklift trucks, warehouse technology and associated services and increases the number of brands in its portfolio to seven with this acquisition. "By acquiring Egemin's handling automar tion activities, the KION Group is strengthening its expertise and capabilities in the design and management of complex logistics automation projects for the future," said Gordon Riske, CEO of the KION Group. "Automated material handling solutions will play a crucial role in Industry 4.0 as they facilitate the vision of the smart warehouse and factory."