# KION Group acquires Dematic for $2.1 billion

KION Group, a German forklift and warehouse technology company, has acquired Dematic, a warehouse automation provider, for $2.1 billion. The acquisition was announced on November 1, 2016.

- Type: Acquisition
- Announced: 2016-11-01
- Where: Grand Rapids, Michigan, United States
- Value: $2.10B
- Status: completed
- Products: warehouse automation systems, forklift trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Dematic](https://endata.com/companies/5554.md) (target)
- [KION Group](https://endata.com/companies/16287.md) (acquirer)

## Sources

- [mlive.com](https://www.mlive.com/business/west-michigan/2016/11/dematics_michigan_operations_w.html), 2016-11-02: "This acquisition targets at driving forward growth in a very attractive market environment."

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