Duravant to acquire Matthews' Warehouse Automation business for $230 million

Matthews International has signed a definitive agreement to sell its Warehouse Automation business to Duravant for total consideration of $230 million. The business includes Lightning Pick, NEXUS, Pyramid, and Compass technologies. The transaction is expected to close before the end of fiscal 2026 second quarter.

“Matthews today announced that the Company signed a definitive agreement for the sale of its Warehouse Automation business to Duravant”lightningpick.com

• 1 source
• lightningpick.comMatthews Announces Sale of Warehouse Automation BusinessMatthews WebteamNov 13, 2025

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