IK Partners completed the acquisition of a majority stake in Schwingshandl.

IK Partners, a European private equity firm, completed the acquisition of a majority stake in Schwingshandl, a smart intralogistics automation solutions provider. Financial terms were not disclosed. “The rise of warehouse automation is a key trend we are seeing across various end-industries, presenting attractive growth opportunities for a Company like ours. We are excited to welcome an experienced partner like IK on board. The team at IK has already recognised Schwingshandl’s potential for development and possesses both the experience and expertise to support our ongoing expansion strategy,” Thomas Schwingshandl, Schwingshandl Founder and CEO.