Kardex Remstar International Group: Kardex AG acquires US competitor Kardex Systems Inc.
Zurich (ots) - Kardex AG has signed an asset purchase agreement to acquire the assets of US competitor Kardex Systems Inc., which had previously filed for Chapter 11 bankruptcy with a US court. Kardex Systems Inc. posted sales of approximately USD 21 million in the 2007 financial year, and has a staff headcount of around 100. Under the transaction, Kardex AG is ...