Jungheinrich AG, the German intralogistics pioneer, is acquiring Storage Solutions, a leading US provider of racking and warehouse automation solutions, to strengthen its presence in the attractive US storage and automation market. Deloitte provided support during the due diligence process in this transaction.

Storage Solutions, an American warehouse design, automation and integration company, is based in Westfield, Indiana. With 45 years of experience and 170 employees, it offers turnkey solutions to customers and has gained a strong position in the growing US storage market. The company takes a technology independent approach and provides vertically integrated services including in-house logistics and installation teams to ensure on-time project completion. In addition, it offers value-added services such as workflow optimization, engineering and permitting.

Jungheinrich is a leading provider of intralogistics solutions and has been driving innovation and sustainability in material flow for 70 years. As a pioneering family-owned company based in Hamburg, they are striving to shape the future of warehousing. In 2021, the company achieved sales of €4.24 billion and employs more than 19,000 people. Its global footprint includes 11 plants and 41 service and sales companies.

The acquisition of Storage Solutions by Jungheinrich is highly complementary and will strengthen the company's global presence and market position. It offers a unique opportunity to enter the fast-growing US market segment and gain access to key logistics hubs. The acquisition also provides potential for expansion in the adjacent countries of Canada and Mexico. The total transaction value is approximately US$375 million and is subject to customary closing adjustments.