“The acquisition of Storage Solutions is an important step in the implementation of our 2025+ strategy. It is an excellent opportunity to expand our geographic footprint in the U.S. and adds a strong strategic platform for growth in warehouse automation across the region. Storage Solutions is a well-established and successful business with an attractive customer base and an excellent management team. We see great opportunities in combining the warehouse and automation capabilities of both parties to the benefit of customers in the U.S. as well as our European customers with operations in North America,” says Dr. Lars Brzoska, CEO of Jungheinrich.
“The next level of growth in our industry will be driven by an increasing need for warehouse automation. Storage Solutions has established solid capabilities in racking as well as automation and digitalization which we are seeking to expand further, as demand is continuously accelerating on the back of strong underlying fundamentals. Together with Jungheinrich, we look forward to jointly capturing the upside for further growth,” adds Kevin Rowles, CEO of Storage Solutions.
- Storage Solutions is a warehouse design, automation and integration company with 170 employees and 45 years of experience in delivering turnkey, best-fit solutions to customers.
- Storage Solutions focuses on companies who need integrated warehouse design, technical and project management support and competencies.
- For Jungheinrich, the acquisition is highly complementary to its global footprint and will further strengthen the company’s market position.
- Jungheinrich and Storage Solutions will jointly drive the further development of innovative automation solutions.