# KION Group acquires Dematic: acquisition

Canonical ID: `25763dac-cb2f-4338-ac63-123330611fb2`

KION Group acquired Dematic for ~$2.1B, creating a global leader in intelligent intralogistics solutions spanning forklift trucks to fully automated warehouse systems.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $2.1B (reported, approximate)

## Parties

- **Acquirer:** [KION Group](https://registry.deploy.report/companies/kion-group.md)
- **Acquired:** [Dematic](https://registry.deploy.report/companies/dematic.md)

## Timeline

- **Announced:** 2016-11-01

## Sources (1)

1. https://en.wikipedia.org/wiki/Dematic


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