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A strategic partnership between Toyota and Vanderlande to expand its presence in the automated material handling market
Toyota Industries has signed an agreement to acquire Vanderlande
Toyota Industries has signed an agreement to acquire Vanderlande, the global market leader in logistics process automation, from its current owner NPM Capital.
The acquisition has been fully approved and supported by Vanderlande’s supervisory and management boards. Vanderlande will retain its name and corporate identity and will continue its operations as an independent entity from the same locations around the world.
According to the announcement, the transaction marks Toyota Industries’ strategic ambition to increase its presence in the automated material handling market. It follows the recently announced expansion in North America through the acquisition of Bastian Solutions LLC.
Last year the Japanese company celebrated its 90th anniversary (1926–2016) and had grown to 51,458 employees by the end of March 2016. In the same fiscal year it achieved revenue of €16.8 billion, with material handling equipment accounting for 45% of total business. Toyota Industries has been the world’s number one forklift manufacturer since 2002, and number one in the Japanese market for the previous 50 years.
Vanderlande CEO Remo Brunschwiler says: “Vanderlande is pleased to have been acquired by such a successful, strategic partner. Toyota’s financial strength and global presence will help our company continue its strategy of sustainable and profitable growth.” Norio Wakabayashi, member of the Toyota Industries board, says that “Vanderlande complements our offering by providing a full range of integrated solutions for automated material handling.”
