Castik Capital-backed Element Logic to acquire SDI Industries.

Castik Capital-backed Element Logic, an integrator for automated warehouse solutions centered around the AutoStore system, agreed to acquire SDI Industries, a provider of materials handling systems and technology solutions to the retail, wholesale, and fulfillment. Financial terms were not disclosed. "I look forward to having SDI Industries on board. This acquisition is an important milestone of our strategy of becoming the leading integrator for automated warehouse solutions globally. With SDI we see an incredible opportunity to enter the highly attractive American market together with a partner that accelerates our growth strategy," Dag-Adler Blakseth, Element Logic Co-Founder and CEO.