Storage Solutions Jungheinrich

Storage Solutions Inc. provides tailored material handling solutions from experts for your warehouse, distribution, and fulfillment operations. A Jungheinrich Company.

Jungheinrich AG acquires Storage Solutions Group By acquiring the Storage Solutions Group, Jungheinrich creates a strategic platform for future growth in the field of warehouse automation in the USA and thus takes an important step towards implementing its Strategy 2025+. Jungheinrich has a global operating network, including 11 production plants and 41 service and sales companies. Storage Solutions' complementary footprint will add a strategic foothold for Jungheinrich in the fast-growing U.S.

warehouse automation market. Jungheinrich is headquartered in Hamburg, Germany. By combining the expertise and capabilities of both partners, Jungheinrich and Storage Solutions will jointly drive the further development of innovative automation solutions.

Warehouse automation is a priority for customers both of Storage Solutions and Jungheinrich, with an expected global market growth of 10% (CAGR) in the period of 2021 to. The acquisition of the Storage Solutions Group gives Jungheinrich a strong platform for growth within the racking systems and warehouse automation sectors in the USA. German intralogistics pioneer Jungheinrich AG ("Jungheinrich") has successfully completed the acquisition of Storage Solutions group ("Storage Solutions") from Merit Capital Partners, MFG Partners and the Storage Solutions management.

All closing conditions including merger control clearance in the United States have been fulfilled. The entire management team and the whole Storage Solutions family are fully committed to creating our future together with Jungheinrich. We are looking forward to developing and growing the company further, to remain our customers' valuable and trusted long-term partner - with an enhanced set of turnkey, best-fit solutions.".

The Private Equity team advised Storage Solutions in its agreement to be acquired by Jungheinrich AG. Jungheinrich has signed a purchase agreement with Storage Solutions and affiliates of Merit Capital Partners and MFG Partners and the management of Storage Solutions for the acquisition of 100% of the equity interests in Storage Solutions. For 60 years, Jungheinrich has been serving customers with its in-house developments, tailored solutions and setting the highest quality levels.

This has produced a wide range of storage solutions for pallets, containers, trays, boxes and long goods. We thus ensure that all goods are well stored and easily accessible. Jungheinrich is acquiring Indiana-based Storage Solutions group, a leading provider of racking and warehouse automation solutions in the U.S.