The story
Dematic began in 1819 in Wetter, Germany with the founding of Mechanische Werkstätten Harkort & Co, which was incorporated into Deutsche Maschinenbau-Aktiengesellschaft (Demag) in 1910, then acquired by Mannesmann in 1973. After the acquisition of U.S. Rapistan (specialised in conveyor systems), Mannesmann Demag Fördertechnik AG was established in 1992. In 1993, Australian racking and shelving manufacturer Colby was added, and in 1997 the company was renamed to Mannesmann Dematic AG. Four years later, Siemens bought the company and merged it with its own logistics activities to form Siemens Dematic AG. In 2006 Siemens carved out the industrial and distribution logistics portion as Dematic GmbH & Co. KG. In the same year, the investment firm Triton acquired the majority of shares.
On December 28, 2012, AEA Investors LP ("AEA") and Teachers' Private Capital ("TPC"), the private investment division of the Ontario Teachers’ Pension Plan, completed their acquisition of Dematic from private equity firm Triton.
In February 2016, Dematic announced that it would be moving its manufacturing operations that had been done in Grand Rapids to a facility in Mexico.
In June 2016, KION Group agreed to buy Dematic for about $2.1 billion. In November 2016, KION Group completed the acquisition.
On March 13, 2017, Dematic announced the integration of Egemin Automation to create the world's leading provider of automated guided vehicle technology.
In January 2024, Michael Larsson was announced as President of Dematic after former President, Hasan Dandashly, retired.
In April 2024, Dematic expanded its operations in North Asia with a new office in Taoyuan City, Taiwan, to better serve industries such as retail, e-commerce, and logistics.
In December 2024, Dematic opened a new office in Riyadh, Saudi Arabia, to enhance service capabilities in the Middle East.
From Wikipedia’s article on Dematic, shared under CC BY-SA 4.0.5