KION Group’s $2.1 Billion Acquisition of Dematic

On June 21, 2016, The KION Group AG, one of the two largest suppliers of forklift trucks, warehouse equipment and related services, announced that it has agreed to acquire Dematic, a best‑in‑class automation provider and specialist in supply‑chain optimization, from funds managed by AEA Investors and Ontario Teachers’ Pension Plan, among others, for consideration of approximately $2.1 billion. Upon the closing of the acquisition, the KION Group will become one of the leading global providers of intelligent intralogistics solutions. Cravath is representing the KION Group in connection with this transaction.

The Cravath team is led by partners Mark I. Greene and Aaron M. Gruber and includes associates Maya A. Rosenthal‑Larrea, Jared B. Taylor, Major C. McCargo, Mathew J. Saur and Randall F. Limberg and foreign associate attorney Ivan S. L. Rubinstein on M&A matters; partner George E. Zobitz and associate David J. Benhamou on finance matters; partners Stephen L. Gordon and J. Leonard Teti II and associate Dmitry Zelik on tax matters; partner Eric W. Hilfers, practice area attorney David B. Teigman and associates Michelle M. Garrett and Brian B. Kennedy on executive compensation and benefits matters; partner Christine A. Varney and associate Margot A. Miller on antitrust matters; partner Matthew Morreale on environmental matters; partner David J. Kappos, practice area attorney Anthony N. Magistrale and associate Jason M. Sandler on intellectual property matters; partner David M. Stuart and associate Sean M. Sherman on compliance matters; and practice area attorneys Gary R. Eisenman and Brian M. Budnick on real estate matters. Summer associates Joshua L. Bowman, Shawn M. Quinn and Ari B. Ruffer also worked on M&A matters and summer associate Jessica I. Park also worked on intellectual property matters.