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Kardex AG plans to buy US competitor Kardex Systems Inc.



Kardex AG has signed an Asset Purchase Agreement to buy the assets of its US competitor Kardex Systems Inc., which has filed Chapter 11 bankruptcy. Provided that the agreement is approved by the court, Kardex AG will take over the assets of Kardex Systems Inc. Kardex Systems Inc. posted sales of approx. USD 21 million in the 2007 business year.

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