MHS acquires TGW U.S. Conveyors business
International sorting technology specialist MHS is buying a U.S. conveyor system company to expand its capabilities to serve the fast-growing e-commerce industry.
MHS, a leading global provider of advanced material handling automation solutions, engineering, equipment and software, announced this week that it has entered into a definitive agreement to purchase certain assets related to TGW Systems, Inc.’s U.S. conveyor business unit. The transaction is expected to close in February 2021.
TGW U.S. Conveyors works across multiple distribution & fulfillment end-markets, including e-commerce, life sciences, food & beverage, and parcel freight & logistics. MHS said the acquisition will help accelerate its product strategy and growth plan so that it is best positioned to serve its growing customer base.
In future, 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.
“TGW U.S. Conveyors has an impressive history of growth that dates back more than five decades,” said MHS CEO and Co-Founder Scott McReynolds. “The company 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.
“TGW U.S. Conveyors is a fantastic addition to our growing portfolio and further positions us to take advantage of the tremendous opportunity that lies ahead for our company and industry.”
TGW U.S. Conveyors Managing Director Christian Lahnsteiner commented: “We are thrilled to join the MHS family and partner with MHS to deliver market-leading automation solutions for our customer base. 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.”