Acquisition

Jungheinrich acquires Magazino

Intralogistics group Jungheinrich completed a full takeover of Munich-based mobile-robotics specialist Magazino, acquiring all remaining shares from the founders and prior co-shareholders (including Cellcom, Fiege Logistik and Koerber) on top of the 21.7% stake it had held since 2020. The purchase price was not disclosed; Magazino continues as an independent brand within Jungheinrich.

full acquisition · Completed · Undisclosed · verified

Track Jungheinrich acquires Magazino

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Parties

Acquirer: Jungheinrich
Acquired: Magazino

Timeline

Announced: 2023-08-23
Closed: 2023-08-23

Sources (1)

https://www.jungheinrich.com/en/newsroom/shares-in-robotics-company-magazino-1407284

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