Thomas H. Lee-backed Material Handling Systems completed the acquisition of conveyor assets from TGW Logistics.

Thomas H. Lee-backed Material Handling Systems, a company offering design, build, engineering, and development services, completed the acquisition of conveyor assets from TGW Logistics, a global general contractor of intralogistics solutions, warehouse automation and material handling. Financial terms were not disclosed. “We are thrilled to join the MHS family and partner with MHS to deliver market-leading automation solutions for our customer base. Our newly-expanded relationship with MHS gives us a platform to extend our product solutions to a larger set of customers while continuing to deliver the quality product that we have been known for," Christian Lahnsteiner, TGW Conveyors Managing Director.