MHS and Fortna to combine to create logistics automation leader

MHS Global and Fortna will combine to form a multi-billion-dollar company providing parcel, warehouse, and distribution automation. THL will remain majority owner, and a subsidiary of ADIA will acquire a significant minority stake.

“MHS and Fortna will combine to form a multi-billion-dollar, multinational company providing parcel, warehouse and distribution, and lifecycle services.”thl.com

• 3 sources
• thl.comMHS and Fortna to Combine to Create Global eCommerce and Logistics Automation Leader - THLApr 18, 2022
• robotics247.comMHS Global and Fortna to Merge, Forming Materials Handling Multinational - Robotics 24/7Robotics 24/7 StaffApr 19, 2022
• freightwaves.comMHS, Fortna merging to provide end-to-end solutions globally - FreightWavesJack DaleoApr 19, 2022

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