Jungheinrich completes acquisition of Storage Solutions
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.
Hamburg - 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. With Storage Solutions, Jungheinrich is adding a strong growth platform for racking and warehouse automation in the United States. The transaction was previously announced on 25 January 2023.
About Storage Solutions
Founded in 1978 primarily as a distributor of new and used warehouse equipment, Storage Solutions has evolved to work with warehouse and distribution center clients serving a wide variety of industry needs including: workflow optimization and facility design, safety inspections, storage and automation equipment procurement and commissioning, installation, lifecycle services and software. As a best-in-class technology agnostic integrator, Storage Solutions is committed to delivering optimal solutions to clients based on project stakeholder’s goals and objectives. Through strategic acquisitions and organic expansion, Storage Solutions has created a scalable platform to expand with their customer base to service the continued growth in the supply chain. More information can be found here: https://storage-solutions.com/
Caption: Dr. Lars Brzoska (Chairman of the Board of Management Jungheinrich AG), Nathan Storey (President Storage Solutions), Christian Erlach (Member of the Board of Management Jungheinrich AG, Sales), Kevin Rowles (CEO Storage Solutions). (l.t.r.)
