Toyota Industries acquires Vanderlande

Toyota Industries Corporation has acquired logistic process automation manufacturer Vanderlande Industries Holding
Founded in 1949, Vanderlande develops material handling systems for the retail and parcel handling industries, passenger baggage handling systems for airports. Vanderlande and a line-up of sorters, conveyors, and other materials handling equipment and software and automated equipment for warehouses.
Vanderlande has 50 sites around the world and approximately 4,500 employees.
Toyota paid approximately 140 billion yen ($1.6 billion) to obtain 100 per cent of the company’s shares and the transaction is expected to complete in Q1 2018.
Toyota said in a statement, “Today’s announcement of the acquisition of Vanderlande enables Toyota Industries to expand its range of materials handling equipment and systems globally beyond lift trucks, which will serve as an important first step for expansion of the materials handling solutions business and make a significant contribution to raising the Toyota Industries Group’s presence over the world.”