# Jungheinrich acquires Magazino: acquisition

Canonical ID: `d2d7e04f-822b-45f5-be47-50c9d1229c83`

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.

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** undisclosed
- **Verification posture:** verified

## Parties

- **Acquirer:** [Jungheinrich](https://registry.deploy.report/companies/jungheinrich.md)
- **Acquired:** [Magazino](https://registry.deploy.report/companies/magazino.md)

## Timeline

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

## Sources (1)

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


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