Material Handling Systems Inc. (MHS), a U.S-based provider of advanced parcel sortation systems, engineering, and equipment, said today it has acquired VanRiet Material Handling Systems, a Dutch provider of integration systems, equipment, and after-market services solutions, from Avedon Capital Partners and VanRiet management.
VanRiet works with customers in the courier and express parcel, traditional postal, third party logistics (3PL), and warehouse and distribution center segments. Terms of the transaction were not disclosed.
"We have considerable respect for VanRiet's management team and employee base and look forward to supporting both as we take advantage of each other's highly complementary products, services, and expertise," Tony Mouser, CEO of Louisville-based MHS, said in a statement.
Van Riet has been in business for 70 years.