MHS Acquires TGW U.S. Conveyors Business
MHS Holdings, Inc. (“MHS” or the “Company”), a leading global provider of advanced material handling automation solutions, engineering, equipment and software, announced that it has entered into a definitive agreement to purchase certain assets related to TGW Systems, Inc.’s U.S. conveyor business unit, which operated separately from TGW’s U.S. integration business unit. The transaction is expected to close in February.
TGW U.S. Conveyors will help accelerate MHS’s product strategy and growth plan so that MHS is best positioned to serve its growing customer base. TGW U.S. Conveyors will begin to operate under MHS Distribution + Fulfillment/MHS Conveyor as a division of MHS, and MHS plans to retain the TGW U.S. Conveyors employees post-close.
“Our newly-expanded relationship with MHS gives us a platform to extend our product solutions to a larger set of customers while continuing to deliver the quality product that we have been known for,” said Christian Lahnsteiner, conveyors managing director, TGW U.S.
TGW U.S. Conveyors marks the latest in MHS’s series of acquisitions, following its purchase of eMotion Controls in early 2020.
“TGW U.S. Conveyors brings with it a strong employee base and leadership team. It also expands on our existing capabilities to serve the distribution and fulfillment market with a broader array of automation products and systems,” said Scott McReynolds, CEO and co-founder, MHS.
“Two different conveyor product lines were at odds with our strategic orientation. It was important to us and we are therefore pleased to have found a strategic investor in MHS, who will continue the American division of the TGW Conveyor Business with all employees associated with this business,” said Harald Schröpf, CEO, TGW Logistics Group. “At the same time, our integration business unit, TGW Systems, Inc., will remain active in the North American market.”
For more information, visit https://www.mhsglobal.com.
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