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Acquisition market heating up

The year just started, but industry leaders are already busy making strategic acquisitions.

  • Tompkins Associates (www.tompkinsinc.com ) has acquired strategy consulting firms Supply Chain Executive Advisors and Technomic Asia.

  • EMS

    Technologies, the parent company of LXE (www.lxe.com ), acquired Sweden's Akerstroms Trux, a major supplier of vehicle-mount computers in northern Europe.

  • Magnetek (www.magnetekmh.com ), a manufacturer of power control systems for overhead handling equipment, acquired wireless control manufacturer Enrange.

The global investment bank Downer & Company (www.downer.com ) predicts 2008 will be big year for mergers and acquisitions in the materials handling market.