M&A Deal Summary

KION Group Acquires Retrotech

On February 8, 2016, KION Group acquired information technology company Retrotech from Savoye SA for 40M USD

Acquisition Highlights
  • This is KION Group’s 1st transaction in the Information Technology sector.
  • This is KION Group’s 2nd largest (disclosed) transaction.
  • This is KION Group’s 1st transaction in the United States.
  • This is KION Group’s 1st transaction in New York.

M&A Deal Summary
Date 2016-02-08
Target Retrotech
Sector Information Technology
Buyer(s) KION Group
Sellers(s) Savoye SA
Deal Type Divestiture
Deal Value 40M USD

Target

Retrotech

Rochester, New York, United States
website
Retrotech is an established US systems integrator of warehouse and distribution solutions. Company provides its customers with a wide range of solutions for integrating and modernising complex intralogistics systems.

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Buyer(S) 1

Buyer

KION Group

Frankfurt, Germany

website

Category Company
Founded 2006
Sector Machinery
Employees41,196
Revenue 11.1B EUR (2022)
DESCRIPTION

The KION Group is a worldwide provider of forklifts, warehouse equipment and other industrial trucks. KION Group was founded in 2006 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Dematic

Atlanta, Georgia, United States

Dematic is a global provider of logistics automation equipment with a focus on distribution and industry applications. Dematic Corp. was formed in 2006 and is based in Atlanta, Georgia.

Buy $3.3B

Seller(S) 1

SELLER

Savoye SA

Dijon, France

website

Category Company
Founded 1950
Sector Information Technology
DESCRIPTION

SAVOYE is a designer and supplier of comprehensive solutions for tailor-made logistics management.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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