Element Logic, a specialised integrator for automated warehouse solutions centred around the AutoStore system, has announced the acquisition of SDI Industries, a US provider of turnkey automation solutions and sortation systems.
SDI Industries was founded in 1977 and has eight locations across the USA and five Latin American countries.
Element Logic employs more than 275 people across Europe who design, implement, deliver and service tailor-made robotic solutions for warehouses in a range of industries across Europe.
Through the acquisition of SDI Industries, Element Logic will expand its footprint into North and South America and add more than 200 staff.
It will also expand its product offering to sortation equipment solutions and gains the ability to roll-out its AutoStore integration services across the US market.
Dag-Adler Blakseth, co-founder and CEO of Element Logic, said: “This acquisition is an important milestone of our strategy of becoming the leading integrator for automated warehouse solutions globally.
“With SDI we see an incredible opportunity to enter the highly attractive American market together with a partner that accelerates our growth strategy.”
In turn, SDI Industries will leverage Element Logic’s expertise as an AutoStore integrator in Europe to expand its service offering and become an AutoStore integrator in the USA.
Krish Nathan, CEO of SDI Industries, said: “We are thrilled to be part of the Element Logic group and having a partner with a shared vision and similar culture as well as years of expertise.
“We look forward to growing together with Element Logic and the opportunities the partnership will bring.”
Element Logic was acquired in July 2021 by funds managed by Castik Capital, a European private equity investor. SDI Industries is Element Logic’s first acquisition since partnering with Castik Capital.
SDI Industries will reinvest in Element Logic and continue to be jointly responsible for the further development of SDI Industries and Element Logic in the US market.
Element Logic was advised by PwC, Kutak Rock, and Houlihan Lokey. SDI Industries was advised by Alta Capital Partners, Clapp Kelner, and Kirsch Kohn & Bridge. The transaction will complete in the second quarter of 2022.
Element Logic (Stand 510) will be at IntraLogisteX 2022 on 29-30 March at the Coventry Building Society Arena. Go to www.intralogistex.co.uk to learn more.
