Kion Gets Warehouse Robotics With $2.1 Billion Dematic DealBy
Kion shares plunge on concern about acquisition price
German forklift maker sees automation growing at 10% per year
German forklift maker Kion Group AG agreed to buy robot maker Dematic for about $2.1 billion to expand in the U.S. and tap demand from Amazon.com Inc. and other online retailers as they look to automate warehouses.
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