M&A Deal Summary

KION Group Acquires Dematic

On June 21, 2016, KION Group acquired machinery company Dematic from Ontario Teachers Pension Plan and AEA Investors for 3.3B USD

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

M&A Deal Summary

Date 2016-06-21
Target Dematic
Sector Machinery
Buyer(s) KION Group
Sellers(s) Ontario Teachers Pension Plan
AEA Investors
Deal Type Add-on Acquisition
Deal Value 3.3B USD

Target

Dematic

Atlanta, Georgia, United States
Entrance to Dematic's corporate headquarters in Grand Rapids, Michigan.
Entrance to Dematic's corporate headquarters in Grand Rapids, Michigan.
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.

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Buyer(S) 1

Buyer

KION Group

Frankfurt, Germany

Category Company
Founded 2006
Sector Machinery
Employees42,566
Revenue 11.4B EUR (2023)
DESCRIPTION

KION Group is a worldwide provider of forklifts, warehouse equipment and other industrial trucks. Its full spectrum of services includes industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technologies and software solutions for the optimization of supply chains—including all related services. KION Group was founded in 2006 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 2 of 3
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 Retrotech

Rochester, New York, United States

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.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 ifesca

Ilmenau, Germany

ifesca specializes in digital energy management solutions. ifesca supports decision-making processes by offering software solutions, particularly in the area of ​​forecasting and optimization and the associated services. ifesca was founded in 2016 and is based in Ilmenau, Germany.

Buy -

Seller(S) 2

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 29 of 73
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 12 of 30
State (Georgia) 3 of 4
Country (United States) 16 of 39
Year (2016) 2 of 4
Size (of disclosed) 4 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 Autopista Arco Norte

Mexico City, Mexico

Autopista Arco Norte is a 224km toll road that serves as a transportation link in the central Mexico region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-22 Cubico Sustainable Investments

London, United Kingdom

Cubico Sustainable Investments are a renewable energy and water infrastructure company. Its initial portfolio included 18 wind, solar and water infrastructure assets previously owned by Santander, representing a net capacity of 1.2 gigawatts (GW). Since inception, Cubico opened regional offices in London, Milan, Sao Paulo and Mexico City. It also successfully completed four acquisitions spanning four different countries, growing its total net capacity to 1.62 GW. The company’s portfolio now comprises 22 wind, solar and water infrastructure assets in operation, construction or under development across eight countries (Brazil, Italy, Ireland, Mexico, Portugal, Spain, United Kingdom and Uruguay). Cubico Sustainable Investments was founded in 2015 and is based in London, United Kingdom.

Buy -
SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 43 of 79
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 17 of 26
State (Georgia) 2 of 3
Country (United States) 40 of 71
Year (2016) 2 of 3
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Scan Global Logistics

Hvidovre, Denmark

Scan Global Logistics is an international asset-light freight forwarding and logistics platform that helps its customers purchase and coordinate the movement of freight across various transportation modes ocean, air, truck and geographies. Scan Global Logistics was founded in 2006 and is based in Hvidovre, Denmark. ,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Visual Comfort

Houston, Texas, United States

Visual Comfort is a lighting company with a portfolio of fashionable and functional lighting fixtures, ceiling fans, and decorative products. Visual Comfort was founded in 1987 and is based in Houston, Texas.

Buy -