Jungheinrich completes acquisition of Storage Solutions in the U.S.
WESTFIELD, IND. – 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 January 25th, 2023.
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As one of the world’s leading providers of intralogistics solutions, Jungheinrich has been advancing the development of innovative and sustainable products and solutions for material flows for 70 years. As a pioneer in the sector, the Hamburg-based family business is committed to creating the warehouse of the future. In 2021, Jungheinrich and its workforce of over 19,000 employees generated revenue of 4.24 billion euros. The global network covers 11 plants and 41 service and sales companies. The share is included in the MDAX.
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/