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Material Handling Systems Closes Acquisitions of A2i Systems, VanRiet Material Handling Systems
Thursday 12 July 2018

12 July 2018 - Kentucky, US-based parcel sortation systems provider Material Handling Systems, Inc. has acquired material handling equipment, engineering and services integrator A2i Systems, the company said.

Additionally, Material Handling Systems has closed the acquisition of Netherlands-based integration systems provider VanRiet Material Handling Systems from Avedon Capital Partners and management, the company said.

A2i Systems serves the warehouse and distribution market in North America.

MHS said with the acquisition of VanRiet, it continues to expand the capabilities, product set and geographic reach of MHS.

Material Handling Systems provides the parcel industry with best-in-class design, implementation, and maintenance of turnkey material handling sortation and distribution systems.

VanRiet offers a range of automated sortation systems, integration and engineering services, sortation equipment, and after-market services solutions to its global, blue-chip customer base. VanRiet serves high-growth end markets, with a focus on courier and express parcel, traditional postal, third party logistics and warehouse and distribution customers.

Avedon is a lower mid-market private equity firm in the Benelux and Germany, providing growth capital in partnership with strong management teams that have distinctive and ambitious growth plans requiring a step change.

PricewaterhouseCoopers acted as an accounting and tax advisor and Kirkland and Ellis LLP acted as legal counsel to MHS. Robert W. Baird Ltd. acted as financial advisor and Allen and Overy LLP acted as legal counsel to VanRiet.
Details
Date Published: 12/07/2018
Target: VanRiet Material Handling Systems
Country: Netherlands
Sector: Machinery/Engineering
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Avedon Capital Partners and management
Buyer: Material Handling Systems
Buyer Advisor: PricewaterhouseCoopers , Kirkland and Ellis
Comment:
Terms of the deal were not disclosed

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