Dematic Group Completes Acquisition of HK Systems
Dematic, the Grand Rapids-based subsidiary of Luxembourg-based Dematic Group, said Thursday it had completed its acquisition of New Berlin, Wis.-based HK Systems.
Dematic makes material handling systems, with a specialty in systems that handle individual items and cases. HK Systems makes materials handling systems and software, specializing in pallet-sized loads of items.
Indstry analysts say that makes the two companies' skills complementary.
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 product and service offering to the company's customers.
The newly combined company will be called Dematic with its North American headquarters in Grand Rapids. 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.
For more information about the acquisition or Dematic, visit www.dematic.us or call Ken Ruehrdanz at (616) 913-5931.
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