Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

Dematic completes HK acquisition

Newly combined company will be called Dematic.

Mark Solomon
By Mark SolomonSep 16, 2010
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
See Full Bio

Dematic Group said Thursday that it has completed the acquisition of HK Systems, a North American automated material handling and software solutions provider. The deal, terms of which were not disclosed, was completed on Sept. 15, Dematic said.

The newly combined company will be called Dematic, with its North American headquarters in Grand Rapids, Mich. The expanded manufacturing footprint through the HK acquisition will allow Dematic to domestically manufacture automated storage and retrieval machines and automated guided vehicles, in addition to conveyor, sortation, and order fulfillment technology, Dematic said.

John K. Baysore, chief executive officer of Dematic North America, will lead the newly combined company in the United States and Canada.

"The combined company will provide enhanced material flow solutions to improve our customers' supply chain performance while increasing their service levels and profitability," Baysore said in a statement. "Our goal is to deliver seamless end-to-end solutions for diversified vertical markets from manufacturing to distribution."

ArticleMaterial Handling
hk systemsoctober 2010dematic
ArticleMaterial Handling
hk systemsoctober 2010dematic

The Latest

freight at a sea port
Article

DOT delivers $580 million to boost port infrastructure

cma cgm container freight ship
Technology

CMA CGM crowns seven winners in startup awards

More Stories

Mobile robots, drones move beyond the hype

Mobile robots, drones move beyond the hype

Supply chains are poised for accelerated adoption of mobile robots and drones as those technologies mature and companies focus on implementing artificial intelligence (AI) and automation across their logistics operations.

That’s according to data from Gartner’s Hype Cycle for Mobile Robots and Drones, released this week. The report shows that several mobile robotics technologies will mature over the next two to five years, and also identifies breakthrough and rising technologies set to have an impact further out.

Keep ReadingShow less

Featured

Stampin’ Up!’s Riverton, Utah, distribution center
Article

Picking reimagined

U.S. map with drought risk
Article

Everstream Analytics quantifies how climate risk affects supply chains

chart of global supplier capacity
Article

Suppliers report spare capacity for fourth straight month

drone flying through warehouse
Article

Robotic revolution

Freight Science dashboard screen
Technology

High-tech solution helps truckload carrier drive change

warehouse automation systems

Cimcorp's new CEO sees growth in grocery and tire segments

Logistics automation systems integrator Cimcorp today named company insider Veli-Matti Hakala as its new CEO, saying he will cultivate growth in both the company and its clientele, specifically in the grocery retail and tire plant logistics sectors.

An eight-year veteran of the Georgia company, Hakala will begin his new role on January 1, when the current CEO, Tero Peltomäki, will retire after a long and noteworthy career, continuing as a member of the board of directors, Cimcorp said.

Keep ReadingShow less

Securing the last mile

Although many shoppers will return to physical stores this holiday season, online shopping remains a driving force behind peak-season shipping challenges, especially when it comes to the last mile. Consumers still want fast, free shipping if they can get it—without any delays or disruptions to their holiday deliveries.

One disruptor that gets a lot of headlines this time of year is package theft—committed by so-called “porch pirates.” These are thieves who snatch parcels from front stairs, side porches, and driveways in neighborhoods across the country. The problem adds up to billions of dollars in stolen merchandise each year—not to mention headaches for shippers, parcel delivery companies, and, of course, consumers.

Keep ReadingShow less
image of board and prevedere software

Board acquires Prevedere to build business prediction platform

The Boston-based enterprise software vendor Board has acquired the California company Prevedere, a provider of predictive planning technology, saying the move will integrate internal performance metrics with external economic intelligence.

According to Board, the combined technologies will integrate millions of external data points—ranging from macroeconomic indicators to AI-driven predictive models—to help companies build predictive models for critical planning needs, cutting costs by reducing inventory excess and optimizing logistics in response to global trade dynamics.

Keep ReadingShow less
vecna warehouse robots

Vecna Robotics names Iagnemma as new CEO

Material handling automation provider Vecna Robotics today named Karl Iagnemma as its new CEO and announced $14.5 million in additional funding from existing investors, the Waltham, Massachusetts firm said.

The fresh funding is earmarked to accelerate technology and product enhancements to address the automation needs of operators in automotive, general manufacturing, and high-volume warehousing.

Keep ReadingShow less
Copyright ©2024.