Austrian company KNAPP AG buys Moving AB of Sweden

Atle Industri has signed an agreement to sell Moving to the Austrian company KNAPP AG. This reinforces KNAPP’s already strong position as one of the leading suppliers of warehousing and logistics solutions in Europe. As part of the KNAPP group, Moving will focus on its main markets in Scandinavia, the Baltic States and Russia.

The two companies complement one another well,” says Hans Åke Norås, CEO of Atle Industri. ”This is the optimal deal, creating a powerful actor on the market.”

”Moving is one of the main contenders on the local market, and KNAPP on the global market,” says Ulf Jansson, CEO of Moving AB.”Our products are complementary, allowing us to offer the market even better solutions and technologies. The strength Moving gains by joining KNAPP means that we can compete for even larger and more complex systems.”

”As of today” says Eduard Wünscher, CEO of KNAPP AG, ”we will, together with Moving, be a Solution Provider in Scandinavia, offering our clients everything from product development to installation, service and modernisation for distribution centres and production warehouses. The acquisition of Moving is part of our growth strategy, as the company is a good fit with regard to geographical location, products and know-how. Consequently, we are sure that the acquisition is right for us and we look to the future with great confidence.”

Moving will operate as an independent company within the KNAPP group and all projects in Scandinavia will be implemented in such a way as to guarantee the customers the best possible solution whatever the application. For KNAPP’s existing customers in Scandinavia, this means that service and maintenance can now be undertaken by Moving.

KNAPP
KNAPP AG, with 22 sales and service companies across the world and 1500 employees, is a leading supplier of automated logistics solutions for warehousing and distribution. The turnover 2006/07 was 179 MEUR.

Moving is a leading supplier of logistics solutions for warehousing, distribution and materials handling. The comprehensive offering includes products and systems for crate-, tote- and pallet-handling, including Warehouse Management Systems. Headquartered in Åstorp, Moving has 140 employees and a turnover of c 300 MSEK, and operates in Sweden, Denmark and Norway.

 
From left Eduard Wünscher CEO KNAPP AG, Hans-Åke Norås VD Atle Industri AB, Karl Freudelsperger CTO KNAPP AG, Dag Richardsson Operation Manager Moving AB samt Ulf Jansson VD Moving AB.

For further information, please contact:

Ulf Jansson, CEO, 042-56010, 0705-357104 ulf.jansson@moving.eu

Malin Schäfer, Marketing Manager, 042-56198, 070-6056198 malin.schaefer@moving.eu