Siemens Buys Mannesmann, Rapistan

By Austin Weber

GRAND RAPIDS, MI--Siemens has acquired Mannesmann Dematic and its subsidiary, Rapistan Systems, and formed a new company, Siemens Dematic Corp.

The new company merges Mannesmann and Rapistan with Siemens Production and Logistics Group, one of the world's largest suppliers of material handling and logistics automation systems. The combined companies will have approximately 21,000 employees worldwide and post annual sales of $4.2 billion.

Austin has been senior editor for ASSEMBLY Magazine since September 1999. He has more than 21 years of b-to-b publishing experience and has written about a wide variety of manufacturing and engineering topics. Austin is a graduate of the University of Michigan.

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