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Jungheinrich, a Hamburg-based intralogistics firm, has acquired all shares of the robotics firm Magazino from the founder and former co-shareholders. These shareholders embody Cellcom, Fiege Logistik, and Körber.
Jungheinrich has had shares in Magazino since 2020, and in 2022 it elevated its possession to 21.7%. The brand new deal, to amass all shares of the corporate, took impact instantly upon signing earlier this week. Each events have agreed to not disclose the acquisition worth.
Magazino will proceed to develop and function as an unbiased firm inside Jungheinrich. It can stay beneath the administration of its co-founders, Frederik Brantner and Lukas Zanger in addition to Dr. Moritz Tenorth. The robotics firm will now have entry to the Group’s world gross sales and repair community. The Magazino model might be retained, and the corporate will proceed to work with different companions and clients.
“The necessity for warehouse automation is rising continuously,” Frederik Brantner, CEO and co-founder of Magazino, stated. “By steering robots on this advanced setting, we have now developed a singular experience that we wish to additional broaden. We wish to thank our earlier traders for the belief they’ve positioned in us and for the numerous years of profitable cooperation. They’ve supported us strategically and financially so far and have made a major contribution to the additional growth of our enterprise. Collectively we have now laid the inspiration for the subsequent chapter in Magazino’s success story. With Jungheinrich, we’ll proceed to increase our intralogistics know-how management and likewise broaden internationally.”
For Jungheinrich, buying Magazino is a step in direction of strengthening its automation experience. The corporate has already began to dip its toes into the cell robotic world with its acquisition of autonomous cell robotic (AMR) supplier arculus in November 2021. Magazino can also be a really perfect addition to Jungheinrich’s growth of its enterprise with automated and autonomous autos.
“We’ve been working intently with Magazino for a number of years now, we’re on par with one another and talk effectively. The chemistry is just proper. Now we’re taking the subsequent logical step in our cooperation and buying Magazino in full”, Dr. Lars Brzoska, Chairman of the Board of Administration of Jungheinrich, stated. “Magazino is a profitable firm with superb administration and high specialists available in the market. It has excellent software program competencies and has developed options which have the potential to form the way forward for intralogistics in the long run. Within the Group, we’ll leverage these competencies to collectively drive the additional growth of progressive automation and robotics options.”
Magazino was based in 2014, and at present employs round 130 individuals, which means it has one of many largest cell robotics growth groups in Europe. The corporate provides a know-how platform that allows logistics robots to function in a combined human-machine setting, permitting robots to intelligently navigate in warehouses in addition to selectively choose up and transport wanted objects.
Magazino provides two cell robots, SOTO, a cell robotic for industrial manufacturing that may autonomously transport supplies on to the meeting line, and TORU. TORU is a cell robotic that may independently retailer and retrieve small cartons in shelving racks, like shoe containers.
The corporate’s programs are already in use in warehouses of assorted industrial clients, on-line retailers, and logistics service suppliers. Magazino’s management software program for robots in logistics environments can also be already built-in in Jungheinrich’s EAEa, a completely automated low-lift truck.
