ATLANTA – September 9, 2022 — Morris, Manning & Martin advised Cloostermans in an agreement to be acquired by Amazon. Amazon said that with the acquisition of Cloostermans, it continues to invest in customized state-of-the-art technology to drive innovation in its workplace and improve the employee experience.
“Based in Belgium, Cloostermans designs and manufactures mechatronics solutions, advanced technology that is used in Amazon operations to help move and stack heavy pallets and totes or package products together for customer delivery,” Amazon’s statement said. “Amazon began working with Cloostermans in 2019, and by focusing Cloostermans’s deep experience in engineering, machinery, and robotics, we will more rapidly deploy solutions in our workplace that support employees in their roles and improve safety at work, and also help reduce packaging waste … Cloostermans’s team of approximately 200 employees will be joining Amazon Global Robotics’ growing presence in Europe.”
Amazon announced the pending acquisition on September 9, 2022. Completion of the transaction is subject to closing conditions.
MMM’s team is led by Nick Rueter, Kevin Langley and Sarah Moy in Atlanta.
Use the link below to read more about Amazon’s announcement, including the cautionary statement regarding forward-looking statements.
