AEA, Ontario Teachers' to sell Dematic in $3.25 bln deal: Reuters

German forklift truck and robotics maker Kion has agreed to buy Dematic from AEA Investors and Ontario Teachers’ Pension Plan to expand into the market for automated warehouses and supply chains that have ballooned with the growth of e-commerce, Reuters reported. Excluding certain liabilities, the purchase price will be about US$2.1 billion. The proposed takeover, which values Atlanta, Georgia-based Dematic at US$3.25 billion, will allow Kion to combine its industrial forklift trucks systems with Dematic's fully automated warehouses to become a one-stop supplier for retailers and logistics companies, Kion said.

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