Press and News
Ad-hoc-release – Krones acquires a leading supplier in the intralogistics for beverage market
Krones, leading manufacturer of filling and packaging technology, has purchased 60 % of the shares in System Logistics S.p.A. The company is based in Fiorano, in Northern Italy, and is a leading, international supplier of innovative solutions for intralogistics, material flow technology, and warehousing. A majority of the customers come from the food and beverage industries. In 2015, the company achieved a turnover of around 100 million euros, with a workforce of more than 250 employees.
The shares are being sold by the Italian family-owned company System Group. Krones is financing the acquisition with existing liquid funds.
By acquiring a majority holding in System Logistics, Krones is enhancing its competences in the field of intralogistics, particularly in terms of automated order-picking systems, and is taking a major step forward in covering the important material and data flows along the entire value creation chain of our customers.
System Logistics will be part of “Machines and Lines for beverage production/Process Technology” Segment.
The transaction is subject to approval under the relevant antitrust legislation.
Ad-hoc disclosure pursuant to Section 15 of the German Securities Trading Act [WpHG]0,02 MB