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
- Industry
- Logistics & Distribution
- Location
- Indiana, United States
- Transaction Type
- Buyout
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