ELEMENT LOGIC EXPANDS ITS OPERATIONS INTO USA AND LATIN AMERICA WITH THE ACQUISITION OF SDI INDUSTRIES
FOR IMMEDIATE RELEASE – LOS ANGELES, MARCH 2022 —Element Logic, a specialized integrator for automated warehouse solutions centered around the AutoStore® system, is pleased to announce the acquisition of SDI Industries, a US provider of leading turnkey automation solutions and sortation systems.
SDI Industries was founded in 1977 and has over 40 years of experience in systems integration and automated solutions. The company has 8 locations across the USA and five Latin American countries.
Element Logic employs more than 275 specialists across Europe who design, implement, deliver and service tailor made robotic solutions in warehouses of all sizes in a wide range of industries across Europe. Through the acquisition of SDI Industries, Element Logic expands its footprint into North and South America and adds more than 200 experts. SDI Industries will leverage Element Logic’s expertise as a leading AutoStore® integrator in Europe to expand its service offering and become an AutoStore® integrator in the US.
“I look forward to having SDI Industries on board. This acquisition is an important milestone of our strategy of becoming the leading integrator for automated warehouse solutions globally. With SDI we see an incredible opportunity to enter the highly attractive American market together with a partner that accelerates our growth strategy,” says Dag-Adler Blakseth, co-founder and CEO of Element Logic.
Through partnering with SDI Industries, Element Logic expands its product offering to sortation equipment solutions and gains the ability to roll-out its AutoStore® integration services across the US market.
“We are thrilled to be part of the Element Logic group and having a partner with a shared vision and similar culture as well as years of expertise. We look forward to growing together with Element Logic and the opportunities the partnership will bring,” says Krish Nathan, CEO of SDI Industries.
Element Logic was acquired in July 2021 by funds managed by Castik Capital, the European private equity investor. SDI Industries is Element Logic’s first acquisition since partnering with Castik Capital. The management team of SDI Industries will reinvest in Element Logic and continue to be jointly responsible for the further development of SDI Industries and Element Logic in the US market.
Element Logic was advised by PwC, Kutak Rock, and Houlihan Lokey. SDI Industries was advised by Alta Capital Partners, Clapp Kelner, and Kirsch Kohn & Bridge. The transaction will complete in the second quarter of 2022.
SDI has been offering turnkey materials handling systems and solutions to brands all over the world since 1977. They are specialists in apparel sortation and unit handling, consulting, engineering and design, systems and software integration. SDI integrates various cutting-edge technologies such as Joey Pouch Sorter and Enzo AGV and is the manufacturer of SORTRAK G4 — a Bomb Bay-style unit sorter for apparel.
Headquartered in Los Angeles, California, SDI is a multinational organization with operations around the world, servicing both international and domestic clients, SDI currently has more than 400 Distribution Centre systems installed worldwide. Learn more at www.SDI.SYSTEMS
About Element Logic
Since 1985, Element Logic® has been optimizing warehouse performance.
We have extensive experience in designing and installing tailor-made solutions that streamline our customers workflow. Our robotic solutions, material handling systems, software and consulting services help improve our customers’ value chain, become more profitable and meet the end customer’s expectation of fast delivery. We optimize warehouses of all sizes in a wide range of industries including electronic components, parts distribution, consumer electronics, 3PL, pharmaceuticals, apparel, sports equipment, and more. Element Logic is the world’s first, and largest AutoStore®-partner.
The company is owned by employees, with the European Private Equity company Castik Capital as the majority owner. Element Logic is headquartered in Norway and operates worldwide with a turnover of c. EUR 230 million in 2021.
Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multi-strategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with founders and management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich.
Investments are made by the Luxembourg-based EPIC II Fund.
Element Logic Acquires SDI Industries – Press Release
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