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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.
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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."

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