Shifting Gears
Dematic completes acquisition of Reddwerks Dematic, a global supplier of integrated automated technology, software and services to optimize the supply chain, announced today the completion of its acquisition of Reddwerks Corporation. The acquired company is a leading innovator of Warehouse Execution Software (WES) that provides customers with real-time decision engines to optimize material and information flow in the supply chain. Reddwerks will operate as a subsidiary of Dematic under the tradename Dematic Reddwerks, offering an enhanced software suite that provides responsive order fulfillment to Dematic and Dematic Reddwerks customers. Ulf Henriksson, Dematic President and CEO stated, “We are pleased to announce the acquisition of Reddwerks and to promote our ability to design, develop and deliver “On Demand” software solutions that will enhance automation technologies to dynamically optimize warehouse and distribution functions.” Henriksson continued, “Our expanded offering will enable customers to respond to today’s dynamic demands, providing a unique and unprecedented combination of automation and software that maximizes employee efficiency and minimizes customer investment.” www.dematic.com
Southworth International acquires European manufacturer of material handling equipment Southworth International Group, a provider of ergonomic material handling equipment, announced that it has agreed to acquire Marco Group AB, a leading European manufacturer of similar lifting and positioning technologies in Sweden. Founded in 1935 and headquartered in Ängelholm, Sweden, Marco Group is the market leader in the manufacture of hydraulic lifting tables in Europe. “Marco’s extensive product line, strong management team and solid base of operations are a natural fit with Southworth. This transaction is strategically important for us for several reasons. First, it accelerates our presence in both European and Asian markets in which we see significant opportunities. Second, it supplements our existing product supply in China, for both domestic and international trade,” said Brian McNamara, President of Southworth International Group. “Between the strong presence in the European market and the extensive manufacturing capabilities globally, we feel that we can gain a competitive position not only overseas but domestically as well. We are thrilled to welcome Marco Group AB to the Southworth family,” McNamara concluded. www.southworthproducts.com
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February 2016