European Private Equity Firm and Managers Buy Dematic

Triton, an independent European private equity investor, and management have together taken over the shares in Dematic GmbH from Siemens AG. This step concludes the realignment of Dematic, which started in September last year, leaving the company as an autonomous enterprise. The company will still be headed by Johann Löttner, president and CEO. Financial details of the transaction were not disclosed.

“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 concentrate on medium-sized customers and serve their specific logistics requirements as well as to take care of global key accounts,” said Löttner.

“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,” Triton representatives commented in a prepared statement.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish