# 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.

- Type: Acquisition
- Announced: 2025-11-13
- Where: United States
- Value: $230.0M
- Status: announced
- Products: pick-to-light systems, warehouse control system software, warehouse execution system software, PLC controls
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Matthews International](https://endata.com/companies/12639.md)
- [Duravant](https://endata.com/companies/1604.md) (acquirer)

## Sources

- [lightningpick.com](https://lightningpick.com/duravant-acquires-matthews-automation-and-lightning-pick/), 2025-11-13: "Matthews today announced that the Company signed a definitive agreement for the sale of its Warehouse Automation business to Duravant"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.