A forklift company might seem an unlikely tech visionary, but Kion Group’s 2016 bet on e-commerce and warehouse automation now looks particularly savvy. The Frankfurt-based maker of industrial trucks paid $2 billion for U.S. logistics-technology firm Dematic four years ago in a deal that made Kion the world’s largest provider of warehouse automation systems by revenue. Dematic works with the likes of Amazon, Nike, Zara and PepsiCo to make their production sites and online fulfillment centers more efficient.

Source: Wall Street Journal August 20, 2020 13:18 UTC