# Jungheinrich to acquire Storage Solutions for $375M

Jungheinrich AG signed a binding share purchase agreement to acquire 100% of Storage Solutions, a provider of racking and warehouse automation solutions in the U.S., for approximately $375 million.

- Type: Acquisition
- Announced: 2023-01-25
- Where: Indiana, USA, United States
- Value: $375.0M
- Status: announced
- Products: racking, warehouse automation solutions
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Jungheinrich](https://endata.com/companies/15086.md) (acquirer)
- [Storage Solutions Inc.](https://endata.com/companies/64928.md) (target)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/jungheinrich-ag-jungheinrich-ag-to-acquire-storage-solutions-group-to-add-strategic-foothold-in-fast-growing-u-s-warehouse-automation-market/387d8f29-51b0-46e9-9a30-bf6cbc7aabbb), 2023-01-25: "Jungheinrich AG has signed a binding share purchase agreement with Merit Capital Partners, MFG Partners and the management of Indiana-based Storage Solutions group for the acquisition of 100% of the share capital in Storage Solutions."
- [thescxchange.com](https://www.thescxchange.com/articles/7594-jungheinrich-buys-indiana-warehouse-automation-vendor-for-375-million), 2023-01-25: "The acquisition of Storage Solutions is an important step in the implementation of our 2025+ strategy."
- [dcvelocity.com](https://www.dcvelocity.com/articles/56426-jungheinrich-buys-indiana-warehouse-automation-vendor-for-375-million), 2023-01-25: "The acquisition of Storage Solutions is an important step in the implementation of our 2025+ strategy."

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