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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

System Logistics acquires Vertique from Illinois Tool Works · Endata

◂ Announcements

Material Handlingworld trade 2024+4.6% 5Y CAGR

Automation and Roboticsworld trade 2024+4.2% 5Y CAGR

Jan 25, 2017ACQUISITIONArden, North Carolina, United States

System Logistics acquires Vertique from Illinois Tool Works

System Logistics, a Krones Group company, acquired the Vertique business from Illinois Tool Works Inc. through its US subsidiary System Logistics Corporation. Vertique, based in Arden, North Carolina, provides warehouse automation solutions for the food and beverage market.

Status

Completed

Productswarehouse automation solutionscase picking systemsautomated storage and retrieval systemsLaser Guided Vehicles

CompaniesKrones partner System Logistics acquirer Illinois Tool Works target Vertique target

Sectors#Material Handling #Automation and Robotics

“We believe that this strategic acquisition is an opportunity for System Logistics to reinforce our presence in the US market and to complement what we already offer”insidelogistics.ca

1 source
insidelogistics.caSystem Logistics buys Vertique from Illinois Tool Works - Inside LogisticsAdam MalikJan 25, 2017

Summarized from public sources; check the original articles before acting on it.

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