Manufacturing Industry
Siemens AG, the Germany-based electronics and engineering company, has acquired Mannesmann Dematic and its subsidiary Rapistan Systems, and formed a new company called Siemens Dematic.
Industrial Maintenance & Plant Operation, August, 2001
Siemens AG, the Germany-based electronics and engineering company, has acquired Mannesmann Dematic and its subsidiary Rapistan Systems, and formed a new company called Siemens Dematic. Annual sales of $4.2 billion are expected. Peter Metros, former Rapistan Systems president, was named managing director of the Material Handling Automation division of Siemens Dematic, based in Grand Rapids, MI.
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