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and Teachers' Private Capital ("TPC"), the private investment division of the Ontario Teachers' Pension Plan, completed their acquisition of Dematic from private equity firm Triton.

In February 2016, Dematic announced the relocation of its manufacturing operations in Grand Rapids to its facility in Monterrey, Mexico.

In June 2016, KION Group agreed to buy Dematic for about $2.1 billion. In November 2016, KION Group completed the acquisition.

On March 13, 2017, Dematic announced the

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