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."
