Lyngsoe Systems A/S today announced the signing of a definitive agreement to purchase the global FKI Logistex Library Solutions business from Denmark-based Crisplant a/s and US-based Intelligrated, Inc.
The acquisition includes all engineering, manufacturing, software, service and intellectual property of the worldwide Library Solutions business. The Library Solutions group will now operate under the ownership of Lyngsoe Systems.
Lyngsoe will actively support and contribute to the future development of the Library Solutions group as part of its growth strategy. Lyngsoe Systems will provide the best possible platform for growth of the Library Solutions business. Customers will continue to be supported by the high level of service, dependability and innovation that they are accustomed to, and will be further strengthened and enhanced by Lyngsoe's expertise in software and RFID. With this acquisition, Lyngsoe aims to put further focus on successful logistic library solutions, enhancing operations of libraries and providing high-level customer service.
Mr. Ranjit Bhabra, President of Crisplant A/S states about the acquisition:
"We are very pleased to have found a buyer that will actively support and contribute to the future positive development of the Library activities. It is encouraging to see that Lyngsoe Systems has ambitious plans, which gives the company new development and growth opportunities for the future."
Mr. Christopher C. Cole, CEO of Intelligrated, Inc. states about the acquisition:
"With Intelligrated's acquisition of the North and South American operations of FKI Logistex in June 2009, we are focused on growing our business in the warehouse, distribution, postal and consumer goods manufacturing markets. We are confident that Lyngsoe Systems will continue to provide the library segment with superior innovation and service in the years to come."
Mr. Finn Mathiassen, President of Lyngsoe Systems concludes about the acquisitionby stating:
"With our heritage of long lasting customer relations based on commitment and quality, we feel certain that this acquisition will add significant value to the libraries previously served by FKI Logistex. As we continue to expand on the good initiatives and successes already achieved by the Library team, we will engage in even closer dialogs with the Libraries to meet their needs of today and tomorrow in all the global markets we serve".
About Lyngsoe Systems
Lyngsoe has been partnering with Crisplant since the mid 1970s, this relationship is what paved the way for the change in ownership of the Library Solutions business.
Lyngsoe Systems provides logistics solutions designed to significantly improve our customers' quality of service and competitiveness in the global market.
Lyngsoe Systems is one of the worlds' leading software developers and systems integrators of logistics solutions for a wide range of complex logistics chain environments within the postal, supply chain and airport markets. We have been designing, installing and maintaining control and track-and-trace systems for more than 40 years and are leading within the radio frequency identification (RFID) technology. Today, we use RFID for Quality of Service Measurements, Track-and-Trace, Asset Management and Production and Transportation Optimization.
With more than 2,100 installations worldwide in 60 countries, the Lyngsoe team demonstrates extensive experience in customer process knowledge, solution design, software development, integration, service and maintenance, as well as, complete project management and consultancy services of implementations in regional and global implementations.
Lyngsoe Systems builds on, and invests in long lasting customer relations through expert knowledge, commitment, thoroughness and trustworthiness.
Crisplant (www.crisplant.com) is a leading provider of sortation solutions world wide. Crisplant provides solutions and lifetime support for airports, postal facilities, parcel distribution and warehouse and distribution centre's in Europe and Asia. Crisplant has lead and delivered projects that include many of the world's largest and most advanced material handling operations, which are fully supported by their global network of Customer Service & Support centres.
Intelligrated (www.intelligrated.com) is a leading American-owned supplier of automated material handling solutions with operations in the U.S., Canada and Mexico. Headquartered in Cincinnati, Intelligrated is a manufacturer and solutions provider of high-speed sortation, conveyor and material handling software and controls—all supported by 24x7 Customer Service.
The acquisition in 2009 of automated material handling supplier FKI Logistex (www.fkilogistex.com) expands the Intelligrated product line to include Alvey palletizers, Real Time Solutions order fulfillment systems, and Crisplant tilt-tray and cross-belt sorters.
Intelligrated provides world-class material handling solutions for the warehousing, distribution, consumer product manufacturing, airport, post and parcel markets.