Italian firm buys Diamond Phoenix
Italy's System Logistics acquires Maine-based material handling company to bolster North American presence.
Diamond Phoenix, a material handling technology supplier and systems integrator, said it has been acquired by Italian firm System Logistics for an undisclosed sum.
Lewiston, Maine-based Diamond Phoenix will become the North American arm of System Logistics. The transaction combines Diamond Phoenix's capabilities in automated order picking and sortation with System Logistics' global reach and expertise in providing integrated systems for pallet and case picking operations, the companies said in a statement.
Diamond Phoenix said it will immediately offer System Logistics' Modula line of vertical lift modules (VLMs) to its clients while continuing to offer its SMARTdepot multi-bay VLM systems.
"We are happy to now be a part of a company with such amazing capabilities. I really think we are well positioned to bring our customers material handling systems unmatched in the industry," said Tom Coyne, president and CEO of Diamond Phoenix, in statement.
"The U.S. logistics market is an important investment for System Logistics. Diamond Phoenix and System Logistics will now work together to deliver a wide range of solutions from single-bay vertical lift modules, picking with carousels, voice picking, to huge distribution centers utilizing AS/RS and automated case picking," said Mauro Pelliciari, general manager of System Logistics, in the statement.
About the Author
Executive Editor - News
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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