Material handling and logistics systems provider Dematic Corp. will acquire NDC Automation, an automated guided vehicle (AGV) and software provider in Sydney, Australia. Terms of the transaction were not disclosed.

After a unspecified transition period, NDC will operate under the Dematic name. The company has provided AGV solutions for companies located in Australia and New Zealand for more than 40 years.

"The NDC portfolio expands upon an existing portfolio that will dynamically optimize the movement of raw materials or finished goods as they move throughout a facility, including software that provides real-time information addressing material-flow metrics," Dematic President and CEO Ulf Henriksson said in a statement.

The announcement marks the second recent acquisition by Dematic, following its purchase of the Austin, Texas-based warehouse execution software (WES) provider Reddwerks Corp. in November 2015.