Toyota Industries Corporation has signed an agreement to acquire automation specialist Vanderlande from NPM Capital, in a deal that reflects Toyota’s ambition to increase its presence in automated material handling.
Vanderlande was founded in 1949 and is based in Veghel, The Netherlands. It specialises in process automation at airports, and in the parcel market. The company is also a leading supplier of process automation solutions for warehouses in the e-commerce, food retail and fashion sectors.
The deal is expected to be completed in the second quarter of 2017. Vanderlande will retain its name and corporate identity, as well as continue its operations as a standalone entity from the same locations worldwide.
Norio Wakabayashi, managing officer for Toyota Industries Corporation and designated chairman of Vanderlande’s supervisory board, said: “Vanderlande complements our current offering by providing a full range of integrated automated material handling solutions. We also see a strong strategic match in our extensive sales and service networks. This acquisition creates an even stronger global coverage across almost all of the markets that have a requirement for automation.”
“Vanderlande’s CEO Remo Brunschwiler said: “Vanderlande is pleased to be acquired by such a hugely successful, strategic partner. The financial strength behind Toyota and its global presence will help our company to continue with its strategy of sustainable profitable growth.