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Kion Group completes Dematic Group buy

KION GROUP AG on Nov. 1 closed its deal to acquire Dematic Group S.í r.l. for a transaction value of $3.25 billion.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Goldman Sachs Group Inc. was the financial adviser for Kion Group, and Cravath Swaine & Moore LLP and Gleiss Lutz were the legal advisers.

Credit Suisse (Luxembourg) SA was the financial adviser for Dematic Group.