Acquisition of shares successfully completed

Date: 02.03.2023Source: Manfred Hummenberger, CEO DS Automotion, and Steffen Bersch, CEO SSI Schaefer Group

In January 2023, it was announced that the SSI Schaefer Group and DS Automotion GmbH, had signed an agreement under which SSI Schaefer would acquire all shares in DS Automotion GmbH. The acquisition of the remaining shares was successfully completed and came into effect on March 1st 2023, following completion of the review by the Austrian Federal Competition Authority.

SSI Schaefer is thus expanding the minority interest it has held in DS Automotion since 2018 to reflect the growing importance of autonomous and mobile robotics and the AGV business in intralogistics. The management team, led by Managing Directors Manfred Hummenberger and Wolfgang Hillinger, will remain. DS Automotion will continue to operate independently with its well-established brand.

Said Steffen Bersch, CEO, SSI Schaefer Group: “The partnership with DS Automotion is an important milestone in the expansion of the technology leadership of the SSI Schaefer Group, and strengthens our competitiveness and innovation power in robotics and automation, which are leading the future for intralogistics. We are pleased to announce that the full share acquisition became effective yesterday, March 1, 2023.”  For more visit ssi-schaefer.com


David Cox / IDM

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