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.