DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Supply Chain

Toyota Industries Corporation To Acquire Vanderlande

By Steve Wynne-Jones
Share this article
Toyota Industries Corporation To Acquire Vanderlande

Toyota Industries Corporation (TICO) has signed an agreement to acquire Vanderlande – the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – from the company’s current owner NPM Capital.

The acquisition has been fully approved and supported by Vanderlande’s Supervisory and Management Boards, and Works Council. Vanderlande will retain its name and corporate identity, as well as continue its operations as a standalone entity from the same locations worldwide.

Strategic Ambition

The transaction signifies 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 LLC and further cements TICO’s global leading position for total solutions within material handling.

Last year, the Japanese company celebrated its 90th anniversary (1926-2016) and has grown to 51,458 employees as of the end of March 2016. In the same financial year, it achieved a turnover of €16.8 billion, with material handling representing 45% of its total business.

It has been the world’s number one lift truck manufacturer since 2002 and the number one in the Japanese market over the past 50 years.

ADVERTISEMENT

As Managing Officer for TICO and the designated Chairman of Vanderlande’s Supervisory Board, Mr Norio Wakabayashi says, “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 adds, “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.”

The transaction is subject to customary regulatory approvals and closing is expected during Q2 2017.

Sponsored content. © 2017 European Supermarket Magazine – your source for the latest retail news. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.