Dematic is an American supplier of materials handling systems, software and services. With a growth rate of 21.2% in 2021 Dematic was listed as the world's second-largest materials handling systems supplier with a revenue of 3.2 billion USD. The company employs over 6,000 people and has engineering centres and manufacturing facilities in the United States, Germany, United Kingdom, Mexico, Australia, Belgium, China, Italy, Spain, France, Lithuania and Czech Republic. Its customer base includes small, medium and large companies in several other countries across six continents. Since November 2016 Dematic has been a member of KION Group. Dematic's headquarters are located in Atlanta, Georgia. History Dematic began in 1819 in Wetter, Germany with the founding of , which was incorporated into Deutsche Maschinenbau-Aktiengesellschaft (Demag) in 1910, then acquired by Mannesmann in 1973. After the acquisition of U.S. Rapistan (specialised in conveyor systems), Mannesmann Demag Fördertechnik AG was established in 1992. In 1993, Australian racking and shelving manufacturer Colby was added, and in 1997 the company was renamed to Mannesmann Dematic AG. Four years later, Siemens bought the company and merged it with its own logistics activities to form Siemens Dematic AG. In 2006 Siemens carved out the industrial and distribution logistics portion as Dematic GmbH & Co. KG. In the same year, the investment firm Triton acquired the majority of shares. On September 15, 2010, Dematic Group successfully completed the acquisition of HK Systems, a North American automated material handling and software provider. The expanded manufacturing footprint allows Dematic to manufacture within the USA storage and retrieval machines and automated guided vehicles in addition to conveyor, sortation and order fulfillment technology. On December 28, 2012, AEA Investors LP ("AEA") and Teachers' Private Capital ("TPC"), the private investment division of the Ontario Teachers’ Pension Plan, completed their acquisition of Dematic from private equity firm Triton. In January 2015, Dematic acquired SDI Group Europe, a supplier of garment on hanger and flat sorter technology in Europe. In November 2015, Dematic acquired Reddwerks Corp. pending approval of the shareholders. The acquisition became final in December 2015. In March 2016 Dematic acquired NDC Automation, a provider of automated guided vehicles and software. In June 2016, KION Group agreed to buy Dematic for about $2.1 billion. In November 2016, KION Group completed the acquisition. On March 13, 2017, Dematic announced the integration of Egemin Automation to create the world's leading provider of automated guided vehicle technology.