HK Systems Acquires AGV Products

HK Systems Inc. (Milwaukee) has announced the acquisition of AGV Products (Charlotte, N.C.), a supplier of automated guided vehicles. The transaction, effective immediately, adds to and enhances the current HK Systems’ AGV solution offering. The resulting state-of-the-art family of products enables HK to deliver comprehensive end-to-end AGV product and application solutions.

Mats Herrstromer, AGV Products founder, said, "AGV Products is excited to become a part of the HK Systems’ organization. We have partnered with HK for more than five years as a supplier of advanced laser-guided AGV Systems, and this acquisition is a natural progression of our business model, enabling us to introduce our unique technology to new markets."

John W. Splude, HK Systems’ chairman and CEO, said, “HK is excited to infuse our current AGV offering with enhanced technology and the latest advancements in robotic transport such as laser guidance, quad maneuverability, laser bumper technology, and automatic battery charging.” Splude added, the comprehensive AGV solutions will allow customers to experience increased profitability, reduction of labor, and the elimination of material damage—all critical elements in environments we operate in today.

AGV Products offers a standard line of laser-guided forklift AGVs and custom-made AGVs for loads from 100 to 100,000 pounds. It is also responsible for developing the most advanced AGV laser guidance systems allowing users to create and modify the vehicle path in seconds by the "click and drag" of a mouse.

HK Systems’ comprehensive product and service offerings include automated storage and retrieval systems, automated guided vehicles, conveyance, sortation, customer services, warehouse management, transportation management, and event management systems.

Source: Press release HK Systems. For more information, visit www.hksystems.com.