Storage Solutions Acquired By Jungheinrich

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 AG to acquire Storage Solutions group to add strategic foothold in fast-growing U.S. warehouse automation market.

WESTFIELD, IND. - German intralogistics pioneer Jungheinrich AG ("Jungheinrich") has signed a share purchase agreement with Merit Capital Partners, MFG Partners and the management of Storage Solutions for the acquisition of 100% of the share capital in the. Jungheinrich AG to acquire Storage Solutions group to add strategic foothold in fast.

Storage Solutions, LLC ("Storage Solutions" or the "Company"), a company owned by Merit Capital Partners ("Merit") and MFG Partners ("MFG"), was acquired by Jungheinrich AG ("Jungheinrich") (XTRA:JUN3). The transaction is subject to various regulatory approvals and customary closing conditions. Baird served as the exclusive financial advisor to Storage Solutions on this.

Jungheinrich AG to acquire Storage Solutions group to add strategic foothold in fast-growing U.S. warehouse automation market Strengthens Jungheinrich's intralogistics business with complementary regional footprint Adds strong growth platform for warehouse automation solutions in the U.S. Important step in the implementation of Strategy 2025+.

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. 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 acquisition of the Storage Solutions Group gives Jungheinrich a strong platform for growth within the racking systems and warehouse automation sectors in the USA. Jungheinrich has announced the acquisition of Indiana-based Storage Solutions group, a leading provider of racking and warehouse automation solutions, to gain enhanced access to the attractive US warehousing and automation market.

This is a news story by the Forkliftaction News team, a weekly independent publication about forklifts and the materials handling industry. German intralogistics supplier Jungheinrich has successfully completed the acquisition of 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.