Takkt buys racking firm Bigdug in £19m deal
Kaiser + Kraft Europa, a subsidiary of Takkt Group, has acquired UK racking and shelving firm Bigdug in a £19m deal, with potential for a further £6.3m payout dependent on performance over the next three years.
Previous owners, Doug Nourse and Jon Powell, will continue to be responsible for the future development of the company after completion of the transaction.
Felix Zimmermann, CEO of Takkt, said: “The acquisition of Bigdug is an important milestone in our portfolio strategy to further strengthen our online activities and is therefore an ideal addition to our current businesses.”
Source: logisticsmanager.com