Castik Capital to acquire Element Logic.

Castik Capital, a private equity, agreed to acquire Element Logic, a specialized integrator for automated warehouse solutions. Financial terms were not disclosed. "We are very excited to have the opportunity to partner with Dag-Adler Blakseth and the entire Element Logic team, and to support the company in its continued growth story. The company has grown tremendously over the last years in a market for warehouse automation that is still in its infancy," Michael Phillips, Castik Capital Partner.