KION Group-backed Dematic completed the acquisition of Digital Applications International for €120m.

KION Group-backed Dematic, a supplier of integrated automated supply chain technology, software and services, completed the acquisition of Digital Applications International, a UK-based software company specializing in logistics automation solutions, for €120m ($133m). "This deal marks a significant moment in time for Dematic and for intralogistics as a whole. Software is no longer something extra to be added to a solution — it is a fundamental, inextricable part of all solutions. And now with this combined software portfolio we can provide our customers with entirely new business models to make them more competitive and power the future of commerce," Hasan Dandashly, Dematic CEO.