- 23 March 2017
- Transport / Logistics Services
In a bid to improve its interests in automated materials handling, Toyota Industries Corp (TICO) has signed an agreement to buy the process automation specialist Vanderlande from its current owners, NPM Capital.
The Dutch company is a leading player in warehouse automation and parcel handling.
Vanderlande’s Supervisory and Management Boards as well as Work Council have fully approved and supported the acquisition. Vanderlande is to retain its name and corporate identity and continue operations as a standalone entity from the same locations that it currently operates in worldwide.
In a statement issued by TICO and Vanderlande today, the transaction was described as part of TICO’s “strategic ambition to increase its presence in automated material handling”. It follows the recently announced expansion in North America with the acquisition of Bastian Solutions.
Norio Wakabayashi, Managing Officer for TICO and the designated Chairman of Vanderlande’s Supervisory Board, said: “Vanderlande complements our current offering by providing a full range of integrated automated material handling solutions. We also see a strong strategic match in our extensive sales and service networks. This acquisition creates even better global coverage across almost all of the markets that have a requirement for automation.”
Vanderlande’s CEO, Remo Brunschwiler, added: “Vanderlande is pleased to be acquired by such a successful, strategic partner. The financial strength behind TICO and its global presence will help our company to continue with its strategy of sustainable profitable growth.”
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