Germany's Jungheinrich To Acquire U.S.-based Storage Solutions For $375 Mln

(RTTNews) - Jungheinrich AG, a German manufacturer of advanced materials handling equipment, announced Wednesday that it has signed a deal to buy Indiana-based Storage Solutions group for approximately $375 million.

The acquisition is expected to be earnings per share, free cash flow per share and adjusted EBIT margin accretive from the day of completion.

The binding share purchase agreement has been signed with Merit Capital Partners, MFG Partners and the management of Storage Solutions, a provider of racking and warehouse automation solutions in the U.S.