Mergers & Acquistions Archives - Material Handling Wholesaler

IFS to acquire Softeon

Mon, 22 Dec 2025 17:41:14 +0000

Strategic acquisition to bring Industrial AI and next-generation robotics integration to warehouse operations IFS, a provider of Industrial AI software, has announced that it has entered into a definitive agreement to acquire Softeon, a Gartner Visionary and provider of cloud-native Warehouse Management, Warehouse Execution, and Distributed Order Management solutions. This strategic move extends IFS Industrial AI capabilities into the $8.6 billion warehouse management systems market, creating an integrated platform that connects manufacturing operations seamlessly with intelligent warehouse execution. The acquisition represents a natural evolution of IFS manufacturing industry capabilities. As global enterprises face mounting pressure to modernize supply chains, rebuild aging infrastructure, and navigate persistent labor shortages, the connection between production and distribution has never been more critical. Softeon’s sophisticated Warehouse Management Solutions (WMS) and Warehouse Execution Solutions (WES) capabilities are essential for IFS customers in complex industries where warehouse operations must match the precision and intelligence of their manufacturing processes. Softeon customers include world-class organizations such as Sears Homes Services, Sony DADC, and DB Schenker Logistics. IFS and Softeon are positioned to challenge the traditional WMS segment by applying Industrial AI directly into warehouse operations. Where legacy systems rely on manual processes and paper-based workflows, the combined solution will embed agentic AI and physical AI orchestration into every aspect of warehouse management, from fulfillment and labor optimization to real-time yard visibility and automation integration. Industrial AI Comes to the Warehouse The acquisition builds directly on the IFS vision unveiled at Industrial X Unleashed: AI succeeds in complex industries not through generic productivity tools, but through contextual, industry-specific intelligence, embedded where work happens. Softeon’s cloud-native platform provides the ideal foundation for IFS.ai to transform warehouse operations with the same approach that is already multiplying workforce capacity across field service, asset management, and manufacturing. The combined solution will leverage IFS partnerships with leading robotics companies, including Boston Dynamics and 1X Technologies, to create fully autonomous warehouse environments. Physical AI, in the form of humanoid and autonomous mobile robots, will work alongside IFS Loops Digital Workers to orchestrate complex warehouse workflows. All within a single integrated platform designed for mission-critical industrial operations. Softeon’s native integrations with robotics, voice systems, and automation technologies, combined with IFS.ai’s agentic capabilities, unlock significant opportunities for warehouse intelligence. IFS Loops Digital Workers will process orders and manage inventory around the clock. Robotic systems will handle physical tasks and capture operational data. Human workers will be elevated to higher-value judgment calls and exception management, multiplying total warehouse capacity exactly when labor shortages have reached crisis levels. A New Market Challenger Emerges The WMS segment, growing at 12% annually, is primed for disruption. Traditional vendors have struggled to integrate modern AI and robotics capabilities into legacy architectures. The combination of Softeon’s cloud-native platform with IFS’s Industrial AI and robotics partnerships creates a fundamentally different offering—one where warehouse intelligence isn’t bolted on, but architected from the ground up for autonomous, intelligent operations at enterprise scale. For IFS customers across aerospace and defense, energy, engineering and construction, manufacturing, and transport, the acquisition delivers immediate value. Sophisticated global enterprises require warehouse capabilities that match the intricacy of their production systems. Softeon’s proven WMS and WES solutions, now enhanced with IFS.ai, provide exactly that—enabling end-to-end supply chain orchestration where manufacturing, warehouse execution, and field service operations work as one intelligent system. Executive Perspectives Mark Moffat, CEO of IFS, commented: “The warehouse is the next frontier for Industrial AI. As we work with increasingly complex global manufacturers and asset-intensive enterprises, warehouse operations must become as intelligent and autonomous as the production lines they support. Softeon brings proven warehouse expertise to IFS, and we deliver next-generation AI, robotics orchestration, and deep industrial domain knowledge. Together, we’re redefining what’s possible when you apply Industrial AI where it matters most: on the warehouse floor, in real-time, with measurable impact on throughput, accuracy, and workforce capacity.” Jim Hoefflin, CEO of Softeon, said: “Joining forces with IFS represents an extraordinary opportunity to accelerate our innovation in warehouse management. Our customers have been asking for advanced AI capabilities, seamless integration with robotics, and stronger connection between warehouse operations and broader supply chain processes. IFS brings exactly that, along with unmatched experience serving the demanding, mission-critical industries where precision and reliability are non-negotiable. This partnership allows us to deliver the next generation of warehouse intelligence while maintaining the deep domain expertise and customer focus that has made Softeon a trusted partner to leading enterprises worldwide.” The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2026.

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Wolter Inc. acquires Carson Industries, expanding operations into the Carolinas

Mon, 15 Dec 2025 21:44:26 +0000

Wolter Inc. has acquired Carson Industries, Inc., including Carson Material Handling, LLC, Carson Dock and Door, LLC, J&J Forklift Services and Pinnacle Lift Systems, LLC. This acquisition expands Wolter’s footprint into the Carolinas with four new locations Raleigh, Charlotte, and Greensboro in North Carolina, and Greenville in South Carolina – strengthening its ability to deliver comprehensive, high-performance material handling and dock & door solutions across the Southeast. “The addition of Carson Industries marks an important milestone in Wolter’s continued growth,” said Jerry Weidmann, CEO of Wolter Inc. “Carson’s regional expertise and commitment to customer satisfaction perfectly complement our own. By joining forces, we will deliver comprehensive, end-to-end material handling solutions and raise the bar for service excellence across the Southeast.” For over two decades, Carson Industries has established itself as a trusted partner to businesses across North and South Carolina, providing comprehensive warehouse solutions including new and used forklifts, aerial lifts, dock and door systems, and fleet management programs. Its offerings also include forklift rentals, parts, and planned maintenance services supporting local manufacturers, logistics providers, and distribution centers. Together, Carson’s industry expertise and Wolter’s powerful resources create a partnership that delivers greater value, unmatched service, broader product access, and enhanced efficiency for customers across the Southeast.

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Motion announced acquisition of Industrial Distributor in California

Wed, 05 Nov 2025 23:04:15 +0000

Enhancing Customer Service and Growth in the West Coast Market Motion Industries, Inc. has announced the acquisition of the net operating assets of Sunset Industrial, a Cerritos, California-based industrial distributor. The transaction closed with an effective date of November 1, 2025. Founded in 1979, Sunset Industrial is a distributor of power transmission parts and industrial lubrication solutions, as well as services including make-to-order (MTO) parts, repairs, inventory management, safety training, and free local delivery. “We’re excited to join the Motion team,” said James Stratmann, Sunset Industrial’s Chairman of the Board. “Both companies are customer-focused, quality-driven, and serve many of the same industries, so we expect a highly smooth transition for our customers and employees. This integration will drive new and expanded opportunities.” James Howe, President of Motion, added, “The addition of Sunset aligns with Motion’s growth strategy while increasing value to local customers. We look forward to welcoming the talented Sunset team and further increasing our market leadership in Southern California.”

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Storage Solutions announces the acquisition of Invar

Tue, 04 Nov 2025 14:01:01 +0000

Jungheinrich expands U.S. market activities with strategic acquisition of system integrator Invar Merged forces of Jungheinrich’s subsidiary Storage Solutions and Invar will make Jungheinrich one of the leading integrators for mobile Automated Storage and Retrieval Systems (AS/RS) in North America Strengthens Jungheinrich’s global automation business and footprint in North America in line with Strategy 2030+ Adds additional consulting, data analytics, design, simulation, and software, as well as execution and after-sales capabilities to Storage Solutions Jungheinrich acquires, through its subsidiary Storage Solutions, the U.S. company Invar, a specialist in warehouse and order fulfillment solutions. The acquisition marks another strategic milestone in Jungheinrich’s expansion in North America, enhancing its global footprint and automation business. Invar, headquartered in Atlanta, Georgia, is a successful U.S. system integrator and software specialist for warehouse automation. Since 2007, the company has built a strong reputation for delivering tailored, automated solutions that combine consulting, design, simulation, project execution, and after-sales expertise with its proprietary Warehouse Execution System (WES). With a team of 50 experienced professionals, Invar serves a growing U.S. customer base, focusing strategically on companies seeking integrated warehouse design, advanced Warehouse Execution System capabilities, comprehensive project execution, and reliable after-sales service. For Jungheinrich’s subsidiary Storage Solutions, the acquisition marks a strategically significant milestone: The combined expertise of both companies enables the efficient and scalable delivery of customized automation solutions. With a clear focus on mobile AS/RS, the integration positions Jungheinrich as one of the leading integrators in this segment in North America and beyond. By integrating Invar, Storage Solutions expands its operational footprint with two new locations in Atlanta, Georgia, and Erlanger, Kentucky, securing direct access to new customer segments and local integration capabilities tailored to the U.S. market. The acquisition of Invar is another logical step in the implementation of Jungheinrich’s Strategy 2030+, which envisions targeted investments in automation solutions and the expansion of the North American business. Dr. Lars Brzoska, Chairman of the Board of Management of Jungheinrich, explains: “Automation is one of the fastest-growing segments in material handling, and mobile AS/RS solutions are at the forefront of that growth. Therefore, the acquisition of Invar is an important strategic step to strengthen our U.S.-automation platform and showcases a great example of how our U.S. subsidiary Storage Solutions brings our strategy 2030+ to life.” “We are excited to join forces with Storage Solutions and Jungheinrich,” says Ken Matson, President of Invar. “Our combined expertise and capabilities, as well as our shared commitment to quality, innovation, and customer-centricity, will enable us to accelerate innovation and deliver even greater benefits to our current and future customers.”

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NEURA Robotics announces acquisition of driverless transport systems provider ek robotics

Mon, 06 Oct 2025 17:05:48 +0000

NEURA expands presence in the mobile robotics field NEURA Robotics, a manufacturer of cognitive robots, announced that it has acquired ek robotics, a German-based company specializing in driverless transport systems such as AGVs and AMRs. NEURA said the acquisition results in a gain of over 300 employees, more than 60 years of experience, and a strong customer base from ek robotics. NEURA added that the move also significantly expands its expertise in the field of mobile robotics. A new boost for mobile robotics NEURA laid out the following elements of the acquisition and how it combines the strengths of both companies for further growth and technological development: NEURA said it brings its own mobile robotics technologies and a strong order book to the structures of ek robotics. This creates the basis for the company to fulfill existing customer orders more quickly and efficiently. ek robotics will continue to implement its high-performance intralogistics offerings within its product portfolio. Existing customer service will remain unchanged and will be further expanded in cooperation with NEURA Robotics. At the same time, NEURA said it will integrate innovations and cognitive technologies into the ek robotics portfolio to further develop its products and jointly lead them back to the top of the industry. By integrating the ek robotics’ offerings into Neuraverse, NEURA said that all systems will become part of a globally unique platform that connects robots, enables them to learn, and thus continuously improves them. Globalization and growth opportunities for NEURA and ek While ek robotics has previously had a strong presence primarily in Europe, NEURA said its global sales network opens new market opportunities for the AGV provider.NEURA said its own locations in China and the U.S., as well as close industry partnerships, create the basis for accelerating joint growth in the long term. With this acquisition, NEURA said it is also taking a significant step toward global market leadership. The company stated that by combining its innovative strength, scaling capabilities, and unique platform strategy with ek robotics’ expertise, experience, and market presence, NEURA and ek are well-positioned for growth.“The acquisition of ek robotics is much more than an acquisition: it is the dawn of a new dimension in mobile robotics,” said David Reger, founder and CEO of NEURA Robotics. “Together, we will combine existing strengths with our platform, bring innovations to market faster, and create a global offering that sets new standards. We not only want to continue ek robotics’ products but also make them the global benchmark again with new energy and new ideas. This is a win for customers, for our partners, and for all employees. At the same time, it is a strong signal that Germany and Europe have the ambition to be at the forefront of this largest market of the future.”

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VitalEdge Technologies acquired Integrated Rental to accelerate dealer growth

Wed, 17 Sep 2025 19:24:49 +0000

Deal combines industry expertise and innovation to help heavy equipment dealers accelerate growth across multiple channels. VitalEdge Technologies has announced the acquisition of Integrated Rental. This strategic partnership solidifies VitalEdge’s position as a provider of best-of-breed solutions across every major phase of operations for heavy equipment dealers. As a result of macroeconomic trends, rental is one of the fastest growing segments of the equipment industry today. The VitalEdge and Integrated Rental combination supports dealers to capitalize on this trend, allowing them to deliver customers a best-in-class rental experience while maintaining full integration of their new, rental, parts and service revenue streams with their core dealer management solution. “VitalEdge has been the leader in dealer-centric software for more than two decades because of our continual commitment to deliver best-in-class solutions to heavy equipment dealers across every aspect of their business,” said VitalEdge Technologies CEO, Vikram Savkar. “Under the leadership of Alise Moncure, Integrated Rental has become unquestionably the market leader in providing a feature-rich, easy-to-use, reliable rental management solution to our customers. Over the past few years as partners, our organizations have collaborated closely to deliver our customers a superb end-to-end experience,” said Savkar. “By bringing Integrated Rental fully into the VitalEdge family, we will be able to drive deeper integration, co-innovation, and dealer service that will deliver even stronger value to dealers with ambitious long-term growth goals. I admire what Alise and her team have accomplished and am looking forward to working with the full Integrated Rental team as part of our expanding culture.” “Integrated Rental has been a close and collaborative partner of VitalEdge for several years. Together we have helped dealers strengthen and modernize all of their operations to underpin flexibility and growth,” said Alise Moncure, CEO of Integrated Rental. “VitalEdge is a recognized market leader in our space, and has a forward-looking, customer-centered vision for growth that we are excited to become a key part of. The cultural alignment between our organizations is extremely strong. I’m proud of what our team has accomplished over the past many years, and equally excited at what we will be able to accomplish moving forward as a part of VitalEdge.” Moncure will join the VitalEdge leadership team as President of Expansion Markets, in which role she will lead VitalEdge’s efforts in rental as well as other markets where VitalEdge sees significant growth potential. All Integrated Rental employees will join the VitalEdge team.

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Hargrove Controls & Automation new partnership with ABB

Fri, 22 Aug 2025 11:00:04 +0000

Hargrove Controls & Automation, an industrial automation system integrator and a subsidiary of global EPC firm Hargrove Engineers & Constructors, has announced a new partnership with ABB, an automation and electrification, enabling a more sustainable and resource-efficient future. As an ABB Channel Partner for process automation solutions, Hargrove Controls & Automation is better equipped to deploy cutting-edge industrial digitalization solutions for our clients. “This collaboration marks a significant milestone in our commitment to providing innovative and efficient solutions tailored to meet the needs of our clients,” says Heath Stephens, digitalization leader. “By leveraging ABB’s expertise and advanced technologies, we are poised to enhance operational efficiency, improve productivity, and drive sustainable growth for our clients.” “ABB continuously develops a network of value-adding channel partners that enhance our market reach, so we are delighted to collaborate with Hargrove Controls & Automation,” says Wissam Assaf, Head of Global Partner Business at ABB’s Energy Industries and Process Industries division. “Partnerships help each customer to select the most suitable path to access ABB’s offering, which enables industry to outrun leaner and cleaner.” ABB adds to the list of Hargrove Controls & Automation’s top-tier partners, positioning the company to continue to be a guide in industrial automation. As clients achieve their digital transformations, Hargrove equips them with tools for safe solutions, reliable systems, and sustainable results.

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SAVOYE North America and Cisco-Eagle announced partnership to deliver intelligent automation solutions for complex distribution challenges

Mon, 18 Aug 2025 16:41:59 +0000

SAVOYE North America has announced a strategic partnership with Cisco-Eagle, a trusted material handling integrator with a decades-long track record of engineering excellence and customer focus. This collaboration reflects a shared mission to bring flexible, efficient, and scalable automation solutions to warehouses and distribution centers facing increasing pressure to do more with less. From rising consumer expectations to labor shortages and demand volatility, today’s supply chains require adaptable, technology-driven solutions—and trusted partners who can deliver them with precision, care, and true partnership. By combining SAVOYE’s automation portfolio and intelligent WES and WMS software solutions with Cisco-Eagle’s deep integration expertise, engineering resources, and regional customer support infrastructure, the partnership positions both companies to better serve a wide range of industries, including e-commerce, grocery, food & beverage, industrial, and manufacturing. “This partnership with Cisco-Eagle represents a powerful alignment of vision and values. By combining SAVOYE’s scalable automation technologies with Cisco-Eagle’s trusted system integration and regional market insight, we are uniquely positioned to deliver tailored, high-impact solutions to customers across North America.” — Paul Deveikis, CEO, SAVOYE North America Meeting the Moment: Why This Partnership Matters The automation landscape is shifting fast. Businesses face a complex mix of challenges and the SAVOYE North America–Cisco-Eagle partnership delivers end-to-end, tailored automation solutions—from goods-to-person systems and high-speed sortation to robotic picking and dynamic software orchestration. These solutions are built to be scalable, flexible, and responsive to real-world operating constraints. “At Cisco-Eagle, our mission is to help customers create smarter, more efficient operations that solve their business problems, reduce costs and make them more competitive. SAVOYE’s suite of automation solutions expands the level and quality of service we can offer, from shuttle systems to flexible, high-performance goods-to-person technology to software solutions. SAVOYE’s deep expertise and innovative approach empower us to address our customer’s most complex fulfillment and distribution challenges.” — Bryan Gauger, Cisco-Eagle President Designed for Customers—Engineered for Results At the heart of this partnership is a mutual commitment to customer success. Both SAVOYE and Cisco-Eagle believe that every warehouse operation is unique—and that automation should never be one-size-fits-all. Whether customers are modernizing a single facility or scaling across multiple sites, this partnership delivers: Best-in-class technology tailored to specific throughput, space, and labor needs Collaborative design and engineering rooted in decades of operational expertise Responsive support and lifecycle services for long-term system performance Future-ready platforms that allow for incremental growth and innovation “We’re incredibly excited to partner with Cisco-Eagle, a company that shares our commitment to innovation and operational excellence. We are backing these solutions with local U.S. manufacturing, engineering, service, and support for a seamless customer experience. “ — Tim Bonney VP Sales & Operations, SAVOYE North America “The SAVOYE North America team exemplifies our commitment to customer service and collaboration. SAVOYE and Cisco-Eagle deliver solutions that enhance productivity, optimize space, and drive sustainable growth in ways that improve the working lives of our customers. This relationship underscores our commitment to offering best-in-class technologies that help our customers stay competitive in a rapidly evolving marketplace.” — James Murphy, Chief Revenue Officer, Cisco-Eagle

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CLARK announced new dealer in Western New York

Fri, 16 May 2025 16:04:25 +0000

CLARK Material Handling Company has announced the appointment of Insley-McEntee Equipment Company, Inc. as an authorized CLARK dealer serving Western New York. This strategic expansion reinforces CLARK’s commitment to delivering world-class equipment, responsive service, and trusted support in every market. Founded in 1954, Insley-McEntee is a family-owned and operated company with more than 70 years of experience providing material handling solutions. Known for its customer-first approach and deep community roots, the company offers a full range of equipment and services, including sales, rentals, maintenance, parts, and OSHA-certified training. “The partnership with Insley-McEntee enhances accessibility to quality equipment and support in this important territory,” said Brandon Bullard, CLARK Vice President of Sales. “Like CLARK, Insley-Mcentee is a multi-generation company built on hard work, integrity, and a long-standing commitment to the customers and communities we serve. We are proud to welcome Insley-McEntee to the CLARK dealer family and look forward to a strong future together.” “This partnership is a natural fit,” said Greg Robinson, President of Insley-McEntee. “We’re excited to bring the CLARK brand to our customers. Their legacy of durability and innovation perfectly aligns with our values and our mission to provide best-in-class equipment and service to our clients.” Through this new relationship, Insley-McEntee will offer CLARK’s portfolio of electric and internal combustion forklifts, OEM parts, and factory-trained service capabilities to customers in a range of industries.

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Herc Holdings extends tender offer to acquire H&E Equipment Services

Mon, 12 May 2025 15:07:54 +0000

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FOX acquires SSE to expand global reach and capabilities

Thu, 01 May 2025 13:32:27 +0000

SSE will add complementary services and international exposure to the FOX footprint FOX, led by former Dresser-Rand CEO Vincent Volpe, makes third acquisition, expanding the product offering of its compressor and high-speed rotating equipment business SSE will bring Systems and Controls capabilities to the existing FOX platform as well as strong Field Services Operations in key international markets served by FOX Fox is backed by specialist energy PE firm Bluewater Vincent R Volpe, CEO of Fox said: “This acquisition represents the next step in our planned development as it adds increased systems and control capabilities to Fox, while also giving us a bigger footprint in international markets.” Fox Innovation & Technologies (FOX) has announced the acquisition of Sirio Solutions Engineering (SSE). Based in the Italian city of Prato, SSE has nearly 40 years of engineering history and client service expertise. During this time, it has been successfully operating as a premier provider of engineered turbomachinery control systems, field solutions and expert field technical services for Industrial Process and Energy Infrastructure Applications. Vincent R. Volpe, CEO of FOX, said: “This acquisition adds two critical dimensions to Fox. First, SSE brings systems engineering and turbo machinery controls capabilities to our recently launched Revamp business for turbo compressors in industrial process and energy infrastructure applications. This allows us to provide our clients an increasingly integrated solution, thereby simplifying the interface on a given project. “Second, over the past 40 years SSE has amassed extensive experience working on high-speed turbo machinery and process reciprocating compressors internationally. Its presence in Europe, Eurasia, the Middle East, North Africa and South America will augment the Field Service capabilities already present in the USA, which came to FOX by way of the acquisition of the Cotter Group (S.T. Cotter Turbines and Axis Mechanical Group). This coverage will allow FOX to service many of our prospective clients who operate internationally.” “We view this acquisition as the next logical building block consistent with the strategy we developed several years ago with our partners from Bluewater. We expect to continue to make strategic acquisitions to augment our footprint, capabilities and service offerings, while at the same time promoting our best-in-class efficiency and industry leading cycle times.” The acquisition has been led by Jesus Pacheco, a member of the Board of Directors of FOX and long-time industry expert. Over the past months Jesus has built strong ties between some of the key legacy FOX managers and the executives of SSE, led by Sergio Pazzi, the Company’s founder and President of the Board. Sergio will continue to provide guidance and have direct operating involvement as needed in the business. Jesus Pacheco said: “we were impressed by SSE’s world-class technology, quality and execution capabilities. Their demonstrated expertise providing value to original equipment manufacturers, packagers and end-users by leveraging their deep knowledge of turbomachinery, controls and auxiliaries perfectly complements FOX’s advanced compressor technology, engineering and services capabilities. We welcome the SSE team to FOX and look forward to helping our customers save energy and reduce their carbon footprint, as we create value for them through a broader range of unmatched technologies, services and field capabilities.” Since its inception, Fox have been backed by specialist energy PE firm Bluewater who have played an important role in supporting Fox’s growth strategy. Tom Sikorski, Founding Partner at Bluewater, said: “We have made great progress at FOX in the last several years building out our technology and engineered solutions and this is yet another piece of the puzzle. We continue to be grateful to participate in this journey with Vince and his team.” The integration of SSE into the FOX platform will begin immediately, ensuring a swift onboarding for SSE’s Management and a seamless transition for both companies’ employees and clients in the high-speed rotating equipment space for critical energy infrastructure, benefiting straight away from an expanded and enhanced aftermarket services offering. The cost of the transaction is undisclosed.

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Herc Holdings extends tender offer to acquire H&E Equipment Services

Wed, 30 Apr 2025 14:36:32 +0000

Herc Holdings Inc. has announced that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, according to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the “Merger Agreement”). The Offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on April 29, 2025, has been extended until one minute past 11:59 p.m. Eastern Time on May 13, 2025, unless further extended in accordance with the terms of the Merger Agreement. The Offer was extended to allow additional time for the satisfaction of the remaining conditions of the tender offer, including receipt of applicable regulatory approvals. The Offer remains subject to the conditions to the completion of the Offer, as set forth in the Prospectus/Offer to Exchange, dated March 19, 2025 (as subsequently amended), the related Letter of Transmittal and certain other Offer documents, copies of which are attached to the Tender Offer Statement on Schedule TO filed by the Company and H&E with the U.S. Securities and Exchange Commission (the “SEC”) on March 19, 2025 (as subsequently amended). Computershare Trust Company, N.A., the depository and paying agent for the Offer, has advised the Company that as of close of business on April 29, 2025, 18,977,282 H&E shares have been validly tendered and not validly withdrawn pursuant to the Offer, representing approximately 51.76% of the outstanding H&E shares, and an additional 457,173 H&E shares were tendered pursuant to guaranteed delivery procedures, representing an additional approximate 1.25% of the outstanding H&E shares. About Herc Holdings Inc. Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier with 453 locations across North America, and 2024 total revenues of approximately $3.6 billion. We offer products and services aimed at helping customers work more efficiently, effectively, and safely. Our classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. Our ProSolutions® offering includes industry-specific, solutions-based services in tandem with power generation, climate control, remediation and restoration, pumps, and trench shoring equipment as well as our ProContractor professional-grade tools. We employ approximately 7,600 employees, who equip our customers and communities to build a brighter future. Learn more at www.HercRentals.com and follow us on Instagram, Facebook and LinkedIn. Cautionary Note Regarding Forward Looking Statements This communication includes “forward-looking statements,” within the meaning of Section 21E of the Securities Exchange Act, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements related to the Company, H&E and the proposed acquisition of H&E by the Company that involve substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed transaction, the Company’s plans, objectives, expectations and intentions, the financial condition, results of operations and business of each of the Company and H&E, expected valuation and re-rating opportunities for the combined company, and the anticipated timing of closing of the proposed transaction. Forward-looking statements are generally identified by the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts,” “looks,” and future or conditional verbs, such as “will,” “should,” “could” or “may,” as well as variations of such words or similar expressions. All forward-looking statements are based upon our current expectations and various assumptions and apply only as of the date of this communication. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that our expectations, beliefs and projections will be achieved or that the completion and anticipated benefits of the proposed transaction can be guaranteed, and actual results may differ materially from those projected. You should not place undue reliance on forward-looking statements. There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those suggested by our forward-looking statements, including, but not limited to, (i) the possibility that the sufficient number of H&E’s shares are not validly tendered into the tender offer to meet the minimum condition; (ii) the Company’s ability to implement its plans, forecasts and other expectations with respect to H&E’s business after the completion of the proposed transaction and realized expected synergies; (iii) the ability to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; (iv) the Company and H&E may be unable to obtain regulatory approvals required for the proposed transaction or may be required to accept conditions that could reduce the anticipated benefits of the proposed transaction as a condition to obtaining regulatory approvals; (v) the length of time necessary to consummate the proposed transaction may be longer than anticipated; (vi) problems may arise in successfully integrating the businesses of the Company and H&E, including, without limitation, problems associated with the potential loss of any key employees, customers, suppliers and other counterparties of H&E; (vii) the proposed transaction may involve unexpected costs, including, without limitation, the exposure to any unrecorded liabilities or unidentified issues during the due diligence investigation of H&E or that are not covered by insurance, as well as potential unfavorable accounting treatment and unexpected increases in taxes; (viii) the Company’s business may suffer as a result of uncertainty surrounding the proposed transaction, any adverse effects on our ability to maintain relationships with customers, employees and suppliers; (ix) the occurrence of any event, change to other circumstances that could give rise to the termination of the merger agreement, the failure of the closing conditions included in the merger agreement to be satisfied,

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Zebra Technologies closes Photoneo acquisition with Photoneo Brightpick Group

Tue, 04 Mar 2025 13:18:12 +0000

Leading warehouse automation provider Brightpick now independent company with plans to expand using deal proceeds Photoneo Brightpick Group, a 3D vision and AI robotics company, has closed the sale of Photoneo to Zebra Technologies. The deal was initially announced on December 30, 2024. Photoneo, the former sister company of Brightpick under the Photoneo Brightpick Group umbrella, is a provider of robotic vision sensors and intelligence software. The Photoneo Brightpick Group has been renamed Brightpick and will continue operating as a separate entity focused on developing and deploying AI robots to automate warehouse operations. The majority of proceeds from the sale will be dedicated to accelerating Brightpick’s deployment of its AI robots across the U.S. and Europe. To date, Brightpick has secured a total of $47 million in funding. “This transaction produced significant capital to reinvest in Brightpick while providing some return to shareholders,” said Jan Zizka. “With Brightpick’s 2025 production capacity fully booked, this funding enables us to scale manufacturing and deployment to meet the growing demand for our AI robots, expand to new markets, and serve even more customers.” Brightpick is a provider of warehouse automation solutions for order fulfillment. The Brightpick solution takes just weeks to deploy and enables companies to reduce their fulfillment labor to a minimum. Brightpick Autopicker, the company’s award-winning flagship robot, is the only mobile robot in the world that robotically picks and consolidates orders directly in warehouse aisles, like a human with a cart. Last month the company announced Brightpick Giraffe, an innovative robot capable of reaching heights up to six meters, along with the first two U.S. customers of the new system. With this advancement, Brightpick users can now achieve up to three times the warehouse storage density of manual operations and double the density compared to the previous Brightpick solution.

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Betacom and Siemens join forces to unveil innovative private 5G network platform for the manufacturing sector

Thu, 20 Feb 2025 14:59:39 +0000

In a milestone for manufacturing innovation, Betacom, a pioneer in private wireless networks, has announced a groundbreaking partnership with Siemens Industries. The companies have deployed a first-of-its-kind private 5G network platform at MxD (Manufacturing x Digital), the National Center for Cybersecurity in Manufacturing in Chicago. The platform is the first complete private wireless network to operate behind a Siemens firewall, demonstrating the future of secure enterprise connectivity. “Manufacturing enterprises need more than just network connectivity – they need a complete solution that seamlessly enables Industry 4.0 applications while maintaining total control of their data and operations,” said Johan Bjorklund, CEO of Betacom. “By partnering with Siemens at MxD, we’re providing manufacturers with a blueprint for digital transformation, combining our private 5G expertise with Siemens industrial automation leadership to create a truly comprehensive platform for smart manufacturing innovation.” The platform demonstrates how enterprises can: Deploy complete private wireless infrastructure behind their firewall Maintain full control of network operations and connected devices Enable seamless integration of Industry 4.0 applications Ensure end-to-end security across OT and IT environments Developed specifically for Siemens U.S. manufacturing initiatives, the solution features: CBRS spectrum deployment in the coveted 3.55GHz – 3.7GHz range Advanced security framework developed with the MxD Cybersecurity Institute Proprietary cybersecurity built on 3GPP standards NIST framework compliance and Zero Trust Principles Betacom AirGap Protection for complete network segmentation “This deployment represents a significant milestone in manufacturing innovation,” said Joel Green, Wireless Business Development at Siemens Industries. “The platform gives our customers the security and control they need while enabling the full spectrum of Industry 4.0 applications that drive operational excellence.” Industries benefiting from this complete private 5G solution include manufacturing, logistics, defense contractors and supply chain operations. The MxD facility showcases practical applications including: Autonomous guided vehicles and unmanned forklifts Robotic systems and cobots Machine vision and quality control Real-time asset tracking Digital Twin Implementation Industrial IoT Sensor Integration

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California industrial distributor acquisition

Mon, 17 Feb 2025 15:52:08 +0000

Motion Industries, Inc., has announced its forthcoming acquisition of Thompson Industrial Supply, Inc. Thompson Industrial Supply, a family-owned and operated enterprise based in California, has been delivering industrial technology solutions for over 40 years and has garnered a reputation for its expertise and dedication to customer service. The acquisition, anticipated to be finalized by the end of February 2025, will broaden Motion Industries’ presence in California and enhance its capacity to serve customers in the region. Thompson Industrial Supply’s two locations and 45 employees will integrate into the Motion Industries network, and customers will gain access to a more extensive selection of products and services, as well as the support of a national distribution network. Thompson Industrial Supply specializes in an array of industrial parts and services, including bearings, power transmission products, fluid power solutions, and in-house fabrication services. This specialization complements Motion Industries’ existing capabilities and will enable the company to present a more comprehensive suite of solutions to its customers. While the current proprietor of Thompson Industrial Supply will be transitioning out of the business following the acquisition, other family members will remain with the company and continue to assume a key role in its operations. This ensures a seamless transition and continuity of service for customers. Motion Industries and Thompson Industrial Supply have conveyed enthusiasm about the partnership and the opportunities it affords for growth and expansion. The acquisition is projected to benefit both companies, as well as their customers and employees. Motion Industries will acquire valuable expertise and resources, while Thompson Industrial Supply will benefit from the support of a larger organization and access to a broader market.

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Matthews International announces a commercial partnership with Mobile Industrial Robots (MiR) to deliver next-generation warehouse automation solutions

Thu, 13 Feb 2025 14:48:25 +0000

Matthews International has announced a global commercial partnership between its Automation Solutions business segment and Mobile Industrial Robots (MiR), a leading manufacturer of collaborative autonomous mobile robots (AMRs) and part of Teradyne Robotics. The new partnership combines Matthews’ proven warehouse automation technologies with MiR’s advanced AMRs uniquely suited for internal transportation and material handling tasks in a variety of settings. This collaboration positions both companies to capitalize on the projected 30% CAGR (Compound Annual Growth Rate) in the AGV/AMR market by 2028, driven by rising demand in e-commerce and the flexibility of AMRs to deploy without major infrastructure changes. The Matthews–MiR partnership promises to provide complete, integrated warehouse automation solutions that streamline picking, packing, and material movement. Matthews’ Warehouse Execution System (WES) software, picking systems, and automation expertise will complement MiR’s best-in-class AMRs, offering customers a new level of customization, flexibility, and performance. The partnership will enable businesses to seamlessly scale and optimize their operations, from production floors to distribution centers, ensuring a competitive edge in an increasingly complex marketplace. “We are excited to partner with MiR to broaden our automation capabilities,” said Lars Vöcking, Senior Vice President and Managing Director, Matthews Industrial Automation EMEA. “Our customers face rapidly changing demands in their supply chains and distribution networks. By integrating MiR’s AMRs into our existing suite of material handling solutions, we can help them unlock new efficiencies and build a more resilient, future-ready operation.” To date, Matthews’ Warehouse Automation solutions have been deployed in over 2,000 manufacturing and distribution centers globally, helping customers boost productivity, improve quality, and reduce operational costs. “With its strong customer relations and significant experience servicing global brands across multiple industries, Matthews International is the perfect partner for MiR,” said Jean-Pierre Hathout, President of MiR. “Modern automation is all about cross-technology collaboration and integrability and this partnership will make it easier for operations to integrate and utilize AMRs in their business.”

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Hellmann acquires full ownership of HPL Apollo

Wed, 05 Feb 2025 14:25:27 +0000

Hellmann Worldwide Logistics has acquired all shares in HPL Apollo, its perishable logistics joint venture previously co-owned with Mercury Aviation. This strategic integration underscores the commitment Hellmann has to expanding its global footprint in the perishable market and enhancing its capacity to deliver tailored solutions to customers worldwide. Headquartered in Los Angeles, HPL Apollo specializes in the transportation of perishable goods by air, sea, and road. The takeover of the remaining 50 percent of shares held by Mercury Aviation follows 12 years of successful collaboration between the two entities. Ivo Skorin, who has been with HPL Apollo since 2012, will continue to act as managing director of HPL Apollo, ensuring a smooth transition into Hellmann operations generating significant synergies within the company’s global network. Hellmann has offered perishable logistics across the Americas for decades, with a solid footprint in established markets such as Peru, Mexico, Brazil, and Chile. As part of the integration of HPL Apollo the company will now be focusing on expanding its presence in the USA, where it already operates in key locations including Miami, Los Angeles, Honolulu, and San Francisco. Building on this strong foundation, Hellmann plans to enter new strategic markets such as Colombia, Ecuador, and Central America in the coming years, reinforcing its dedication to regional growth. Jens Drewes, CEO of Hellmann Worldwide Logistics, emphasized the importance of this acquisition: “We are committed to expanding internationally, with North America being a key focus in our journey.” Peter Huwel, Regional CEO Americas, Hellmann Worldwide Logistics, adds: “By acquiring HPL Apollo, we are leveraging collaborative opportunities within our global network, delivering even better solutions to our customers. At the same time, we are pleased that Ivo will continue managing the business, ensuring continuity and strengthening our unified team.”

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MARTINS expand its product portfolio

Sat, 18 Jan 2025 12:00:02 +0000

MARTINS has announced the acquisition of the brand ABC American Balancing Corp, which specializes in tire balancing beads. This strategic acquisition marks a new step in the diversification and expansion of MARTINS’ product offering. ABC American Balancing Corp provides a versatile solution catering to a wide range of vehicles, including motorcycles, through a traditional method of bead insertion directly via the tire valve. This technology ensures precise and rapid balancing, contributing to tire longevity, improved driving performance, and reduced fuel consumption. The products of MARTINS and American Balancing Corp are complementary, targeting different markets and enabling MARTINS to cover all segments of the tire industry. This strategic positioning enhances MARTINS’ ability to address the full range of tire balancing needs while offering more flexible and tailored solutions to meet the specific requirements of each customer segment. “I am very pleased to add a top-quality brand like American Balancing Corp (ABC) to our portfolio. This opportunity will open new markets for MARTINS’ tire balancing product line, particularly for motorcycles, with quick and easy installation via the valve, ensuring safe and precise tire balancing,” said Martin Dépelteau, President of MARTINS. With this acquisition, MARTINS reaffirms its commitment to providing innovative and reliable solutions. By integrating the proven products of ABC American Balancing Corp, MARTINS is further diversifying its offering to better meet the varied needs of tire professionals while maintaining the high-quality standards that have built its reputation.

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Chamberlain Group acquires Multi-Fab Products

Wed, 15 Jan 2025 14:49:57 +0000

Latest expansion will further accelerate growth Chamberlain Group (CG), has announced the acquisition of Multi-Fab Products and (MFP-Nova), a global manufacturer, distributor and reseller of loading dock equipment and associated parts. This acquisition will expand CG’s finished product portfolio and service parts offerings around the Dock Equipment space – creating another revenue stream for the growing business. “There are many product adjacencies between CG and MFP-Nova, and this acquisition will enable us to offer additional solutions to our customers,” said Erich Struckmeyer, Executive Vice President & Chief Product Officer at Chamberlain Group. “By adding MFP-Nova’s products to our existing portfolio, we’ll continue strengthening our position as a leader in loading dock equipment and intelligent access solutions.” Headquartered in Wisconsin, MFP-Nova will join the Chamberlain Group organization, with MFP-Nova President Bob Hensel joining the Product team’s leadership. “In addition to the product synergies, Chamberlain Group’s values were closely aligned to ours,” said Bob Hensel, MFP-Nova’s President. “We look forward to being part of the Chamberlain Group team and continuing to grow our business together.”

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ReposiTrak and Upshop announced partnership to enable grocery retail traceability

Wed, 15 Jan 2025 13:33:48 +0000

ReposiTrak and Upshop have announced a global partnership to integrate their technology platforms, connecting traceability data from the supply chain to the retail store, and creating a true, end-to-end traceability solution. The partnership creates a critical connection between suppliers and the retail store that: Leverages ReposiTrak’s network of thousands of suppliers and their traceability shipment data, and Upshop’s network of more than 450 retailers and their retail stores Enables a comprehensive program for creating and storing complete traceability records that meet the FDA’s Food Safety Modernization Act Section 204d (FSMA 204) requirements Unlocks margin and growth opportunities in stores by connecting supply chain data with store data to optimize inventory, labor and customer experience management automation “Traceability requires data from the supply chain and – importantly – confirmation at the retail store that the proper and accurate lot code data from each shipment has been captured when the product is received. The missing piece for us has been the supply chain data. ReposiTrak is the leader in capturing and managing supply chain data, starting with the suppliers. Together, we can deliver a single, comprehensive traceability solution,” explained Mark Hawthorne, chief innovation and strategy officer at Upshop. “Once the data is flowing the benefits are compounding,” continued Hawthorne. “Traceability data can be used to improve food safety, reduce invoice discrepancies, and identify ways to reduce waste and improve efficiencies throughout the store.” Under FSMA 204, retailers are required by law to track Key Data Elements (KDEs) to the store level for every shipment containing high-risk food items from the Food Traceability List (FTL). Major industry retailers have made public commitments to traceability, announcing programs that require more traceability data for all food products on a faster timeline. The efforts of those retailers have activated the industry, motivating others to institute traceability programs now, ahead of the FDA’s enforcement deadline of January 20, 2026. “Our partnership combines ReposiTrak’s strength in traceability data management and connectivity with Upshop’s broad base of retail technology,” stated Randy Fields, chairman and CEO of ReposiTrak. “Together, our existing platforms make traceability even easier for retailers, and their suppliers. It allows the traceability requirements to be achieved without adding steps to the check-in process and without retooling legacy systems.” The partnership between ReposiTrak and Upshop enables true end-to-end traceability, through one comprehensive approach. Through this partnership, grocers now have access to: Fast, easy, and inexpensive compliance with FSMA 204 from source-to-store Better visibility to supply chain data that can be used to optimize operations, reduce shrink and waste, and increase sales.

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