Dematic in discussions to buy SDI group
Automation specialist Dematic is in discussions which could lead to a takeover of SDI Group.
In a statement, Dematic said it believed that “the acquisition of SDI would be complementary and would expand Dematic’s product offerings and ability to service its customers globally”.
However, it emphasised that there was not yet a firm intention to make an offer.
If it does go ahead, Dematic would buy FSU Investments, which has a 75.6 per cent stake in SDI. This would trigger a mandatory offer for the remaining SDI shares.
Any acquisition of FSU by Dematic would be conditional on the advance clearance of the transaction by the Bundeskartellamt, the German competition authority.
Dematic said it intended to submit an application to the Bundeskartellamt for such clearance in advance of entering into any agreement to acquire FSU.
Source: logisticsmanager.com
Portal: logistik-express.com