Triton, an independent European private equity investor,
and the Dematic Management have together taken over the shares in the
worldwide Dematic business from Siemens AG. This step concludes the
realignment of Dematic - which started in September last year -
leaving the company as an autonomous enterprise. The management of the
company operating worldwide under the Dematic banner will still be
headed by Johann Loettner (President and CEO), Karlheinz Kronen
(Technology) and Dr. Helmut Pressl (Finance). The companies involved
have agreed not to disclose details of the transaction or of the sale
price. The sale is subject to the approval of the anti-trust
enforcement agencies.
In September 2005, the Distribution and Industry (DI) Division of the former Siemens Logistics and Assembly Systems (L&A) Group as well as its products and customer service were carved out to form Dematic. This realignment allowed Dematic more operational flexibility on a diverse market. Furthermore, it helped to better serve important regional markets.
"When selecting our future partner, continuity in the relations with our customers and business partners as well as profitable expansion of our global business stood at the center of our negotiations. By choosing Triton, Dematic can continue its way to focus on its customers and serve their specific logistics requirements, as well as to take care of global key accounts," commented Johann Loettner, President and CEO of Dematic.
"Dematic is built on a rich history of success," said Prashant Ranade, President and CEO, Dematic Corp. "Standard processes assure a high and consistent level of quality in our products and services. Leveraging our position as a global thought leader and innovator in automated systems solutions, Dematic continues to produce new, exciting products like intelligent conveyors, sorters and Logistics IT controls and operational management systems," explained Ranade.
Dematic intends to expand its leading positions in the European and U.S. markets and to fully utilize the potential for growth in the Asia/Pacific region. "With Triton, we have won a renowned and experienced partner who, by joining, gives a clear and future-oriented signal to our customers, markets and employees. Together with Triton, we will be able to continue the realignment, started together with Siemens, as planned," Loettner added.
"We see the market for industrial and distribution logistics grow worldwide with good perspectives for continued growth in earnings and value creation for Dematic. For this reason, we have joined up with a leader in the world market for industrial and distribution logistics. We will do everything we can to give the Dematic business a solid base thus guaranteeing profitable growth. We have great confidence in the management, the product portfolio and the competence of the employees," commented Triton on the purchase of Dematic.
About Dematic GmbH & Co. KG - Dematic GmbH & Co. KG, based in Offenbach/Germany, is one of the world's leading suppliers of logistics automation equipment. As a systems integrator, Dematic provides the whole range of products and services, from individual products and systems right up to complete turnkey solutions as a general contractor, completed by comprehensive service offerings. The company's portfolio reflects the sector-specific expertise Dematic has gained worldwide over many years in supplying companies of all sizes in the wholesale, retail trade, and mail-order companies, in the food and beverage industry, in the chemical and pharmaceutical industries as well as in the manufacturing industries. Dematic employs about 4,000 people and achieved a business volume of more than 800 million euros - 2005 (approximately USD$975.0 mio @ $1.219 = EUR 1.00). For more information about Dematic, please refer to: www.dematic.com.
About Dematic Corp. - Based on a rich tradition of over 70 years of worldwide industry expertise in creating logistics results, Dematic Corp is one of the world's leading suppliers of logistics automation solutions, systems and service. Dematic's full range of engineered and highly configurable product solutions optimize warehousing and distribution operations for the retail and wholesale distribution, consumer direct, grocery, food and beverage, pharmaceutical and chemical as well as light- to medium-assembly market segments.
Dematic's solutions allow companies to reduce distribution costs, maximize overall logistics efficiencies, increase the operating speed of their supply chain, and fully integrate into a companies' overall supply chain strategy. For additional information, go to www.dematic.us. Dematic Corp. is affiliated with Dematic GmbH & Co. KG of Offenbach Germany. Dematic...creating logistics results.
About Triton - Triton is a leading independent European private equity investor concentrating on companies in the German-speaking and northern European region. Triton invests in market leaders in attractive niches with a high potential for value creation. Presently, Triton has available from international investors free and promised funds to the value of more than one billion euros.
In September 2005, the Distribution and Industry (DI) Division of the former Siemens Logistics and Assembly Systems (L&A) Group as well as its products and customer service were carved out to form Dematic. This realignment allowed Dematic more operational flexibility on a diverse market. Furthermore, it helped to better serve important regional markets.
"When selecting our future partner, continuity in the relations with our customers and business partners as well as profitable expansion of our global business stood at the center of our negotiations. By choosing Triton, Dematic can continue its way to focus on its customers and serve their specific logistics requirements, as well as to take care of global key accounts," commented Johann Loettner, President and CEO of Dematic.
"Dematic is built on a rich history of success," said Prashant Ranade, President and CEO, Dematic Corp. "Standard processes assure a high and consistent level of quality in our products and services. Leveraging our position as a global thought leader and innovator in automated systems solutions, Dematic continues to produce new, exciting products like intelligent conveyors, sorters and Logistics IT controls and operational management systems," explained Ranade.
Dematic intends to expand its leading positions in the European and U.S. markets and to fully utilize the potential for growth in the Asia/Pacific region. "With Triton, we have won a renowned and experienced partner who, by joining, gives a clear and future-oriented signal to our customers, markets and employees. Together with Triton, we will be able to continue the realignment, started together with Siemens, as planned," Loettner added.
"We see the market for industrial and distribution logistics grow worldwide with good perspectives for continued growth in earnings and value creation for Dematic. For this reason, we have joined up with a leader in the world market for industrial and distribution logistics. We will do everything we can to give the Dematic business a solid base thus guaranteeing profitable growth. We have great confidence in the management, the product portfolio and the competence of the employees," commented Triton on the purchase of Dematic.
About Dematic GmbH & Co. KG - Dematic GmbH & Co. KG, based in Offenbach/Germany, is one of the world's leading suppliers of logistics automation equipment. As a systems integrator, Dematic provides the whole range of products and services, from individual products and systems right up to complete turnkey solutions as a general contractor, completed by comprehensive service offerings. The company's portfolio reflects the sector-specific expertise Dematic has gained worldwide over many years in supplying companies of all sizes in the wholesale, retail trade, and mail-order companies, in the food and beverage industry, in the chemical and pharmaceutical industries as well as in the manufacturing industries. Dematic employs about 4,000 people and achieved a business volume of more than 800 million euros - 2005 (approximately USD$975.0 mio @ $1.219 = EUR 1.00). For more information about Dematic, please refer to: www.dematic.com.
About Dematic Corp. - Based on a rich tradition of over 70 years of worldwide industry expertise in creating logistics results, Dematic Corp is one of the world's leading suppliers of logistics automation solutions, systems and service. Dematic's full range of engineered and highly configurable product solutions optimize warehousing and distribution operations for the retail and wholesale distribution, consumer direct, grocery, food and beverage, pharmaceutical and chemical as well as light- to medium-assembly market segments.
Dematic's solutions allow companies to reduce distribution costs, maximize overall logistics efficiencies, increase the operating speed of their supply chain, and fully integrate into a companies' overall supply chain strategy. For additional information, go to www.dematic.us. Dematic Corp. is affiliated with Dematic GmbH & Co. KG of Offenbach Germany. Dematic...creating logistics results.
About Triton - Triton is a leading independent European private equity investor concentrating on companies in the German-speaking and northern European region. Triton invests in market leaders in attractive niches with a high potential for value creation. Presently, Triton has available from international investors free and promised funds to the value of more than one billion euros.
© 2006 Business Wire
