Boston, MA -- (SBWire) -- 05/26/2010 -- C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Kardex Group of Switzerland has acquired MLOG Logistics GmbH, a leading German materials handling company. The transaction closed on April 30, 2010.
MLOG is a leading German supplier of automated materials handling systems and stacker cranes. MLOG has over 40 years of experience as a system integrator for automated high-bay warehouses, specializing in green-field installations, warehouse refurbishment and after-sales service.
"The integration of MLOG is a major step toward achieving the Kardex Group’s strategic goal of becoming a one stop shop supplier of automated storage solutions and materials handling systems of limited complexity," said Jos De Vuyst, Chief Executive Officer of Kardex Group, in a company statement. MLOG will be integrated under the name Kardex MLOG (Automated Warehouse and Materials Handling Systems), and will complement the two existing divisions: Kardex Remstar and Kardex Stow.
"MLOG’s shareholders are delighted with the outcome of this transaction," said MLOG Chief Executive Officer Stefan Seidl. "We hired C.W. Downer & Co. to advise us on this transaction because of their insightful knowledge of the material handling industry and expansive relationships with acquirers. We are very pleased to have sold our business to Kardex as we consider them one of the premier companies in the material handling industry with a global footprint and infrastructure, which allow us to further accelerate the international development of MLOG."
With a dedicated team focused on covering the Material Handling industry, C.W. Downer & Co. has firmly established itself as the leading advisor to Material Handling companies across the globe. C.W. Downer’s global transaction team included Frank Merkel (Managing Director, Frankfurt), Michael Howell (Managing Director, Boston) and Michaela Wieser (Associate, Frankfurt).
About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering its clients a high level of personal attention coupled with more than 30 years of international execution experience. With offices in six countries and on four continents, we consistently identify the most appropriate buyers worldwide and uncover "hidden" acquisition targets. C.W. Downer & Co. combines the global reach of a bulge-bracket investment bank with the personal touch of a boutique. For further information, visit http://www.cwdowner.com.
C.W. Downer & Co. Assists MLOG Logistics With Sale to Kardex