Jungheinrich AG Acquires Storage Solutions group

January 25, 2023

Jungheinrich AG is acquiring Indiana-based Storage Solutions group from Merit Capital Partners, MFG Partners and Storage Solutions' management for a purchase price of approximately USD 375 million plus a performance-based earnout. The deal gives Jungheinrich a U.S. platform in racking, warehouse design and automation (Storage Solutions: ~170 employees, ~USD 290M revenue in 2022) and is expected to close in Q2 2023 subject to customary conditions including U.S. merger clearance.

Buyers
Jungheinrich AG
Targets
Storage Solutions group
Sellers
Merit Capital Partners, MFG Partners, Storage Solutions management
Location
Indiana, United States
Transaction Type
Buyout

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