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Stock impact report

Duravant to Acquire Matthews Automation Solutions

Matthews International Corporation - Class A (MATW) 
Last matthews international corporation - class a earnings: 1/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: matw.com/investor
Company Research Source: Business Wire
DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Duravant LLC (“Duravant”), a global leader in advanced automation solutions, announced today that it has entered into a definitive agreement with Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews”) to acquire its Matthews Automation Solutions business. Matthews Automation Solutions delivers Warehouse Execution System (WES) and Warehouse Control System (WCS) software, controls, and integration services. Known for their Pyramid, Compass, Nexus, and Lightning Pick brands, they help optimize material handling and order fulfillment for omnichannel, ecommerce, and warehouse operations. The company will join Duravant’s Material Handling operating group.“We are pleased to welcome Matthews Automation Solutions to Duravant,” said Mike Kachmer, Chairman and CEO of Duravant. “The software and controls integration expertise the team brings to Duravant is exceptional. They have a reputation for delivering high quality service and support whic Show less Read more
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