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Vanderlande, a company owned by Toyota Industries Corporation, is a leading global provider of logistic process automation in the warehousing, airports and parcel sectors. Last week they announced the acquisition of Siemens Logistics, a provider of value-added baggage and cargo handling as well as digital solutions for airport operations.
The acquisition has received full approval and support from the Supervisory and Management Boards of both Vanderlande and its parent company Toyota Industries Corporation (TICO) as well as the Management Board of Siemens. The purchase price (enterprise value) amounts to €300 million and closing is expected during the calendar year 2025, subject to customary regulatory approvals.
“Siemens Logistics’ innovative approach and robust business model align with Vanderlande’s vision for the future. Its forward-thinking and innovative mindset also proves its ability to adapt to changing market dynamics. Our customers will benefit from a broader range of solutions and services, enabling them to address their challenges more effectively,” said Andrew Manship, Vanderlande’s President & CEO.
“In Vanderlande, we have found the best future owner for our airport logistics business,” said Ralf P. Thomas, chief financial officer of Siemens AG. “By selling Siemens Logistics, we’re taking another important step in sharpening our portfolio as a leading technology company.”