Logistics system solutions
Knapp: Change in ownership structure
Bartenstein Holding acquires 28.4 percent of Knapp AG from the Japanese co-owner Daifuku. As part of the transaction, the Knapp family exercises a right of first refusal on shares from the Daifuku package and increases its stake to 71.6 percent.
The Knapp Management Board welcomes the Bartenstein family's commitment as a strategic, long-term investor and sees the increase in shares by the Knapp family as a great vote of confidence. "We are looking forward to an active and committed cooperation in order to continue to successfully advance our vision of an international technology leader in the field of logistics system solutions with Austrian roots. We will do everything we can to justify the trust placed in us," says Knapp CEO Gerald Hofer.
Technology company with great growth potential
Bartenstein sees the investment as a long-term, industrial investment in one of Austria's best-positioned technology companies. "Knapp is one of the top ten companies in the global materials handling market with great potential for further growth," says Martin Bartenstein. "In the interests of the company, I am very much looking forward to a good partnership with the founding Knapp family and would like to thank the Management Board and family for their warm welcome as investors."
Dr. Herbert Knapp, Chairman of the Knapp Supervisory Board, also expressly welcomes the participation of the Bartenstein family: "The Knapp family has stood for the stability and sustainable development of the company from the very beginning. We welcome the participation of Bartenstein Holding and look forward to a positive collaboration."
Knapp recorded significant growth in turnover and earnings in the 2017/2018 financial year. Most recently, KHT/Apostore, a specialist in measurement systems and pharmacy automation based in Gelsenkirchen, was acquired. kp
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