We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Toyota acquires Vanderlande for US$1.3 billion
newsworthy

Toyota acquires Vanderlande for US$1.3 billion

March 23, 2017
DC Velocity Staff
No Comments

Global forklift sales leader Toyota Industries Corp. (TICO) has agreed to acquire Vanderlande Industries B.V., the Veghel, Netherlands-based material handling company, in a move that advances Toyota's ambition to increase its presence in automated material handling and offer customers total solutions from a single company. Both companies issued announcements in Europe today.

Reports out of the Netherlands pegged the purchase price at about US$1.3 billion. Toyota said it will purchase 100 percent of Vanderlande's shares through a wholly owned European subsidiary. The deal is expected to close during the second quarter of 2017, after passing customary regulatory approvals.

Toyota, which will buy Vanderlande from Dutch investment firm NPM Capital N.V., plans no changes to the company's brand, Vanderlande said in a statement. Vanderlande said it will retain its name and corporate identity, and will continue as a standalone entity from the same worldwide locations.

Toyota made the deal to expand its portfolio of automated material handling products and services, and will gain Vanderlande's expertise as a provider of value-added logistics process automation at airports, in the parcel market, and warehouses, Vanderlande said.

"Vanderlande complements our current offering by providing a full range of integrated automated material handling solutions," TICO Managing Officer Norio Wakabayashi said in a statement issued by both companies. "We also see a strong strategic match in our extensive sales and service networks. This acquisition creates even better global coverage across almost all of the markets that have a requirement for automation." Wakabayashi was named the designated chairman of Vanderlande's supervisory board.

The move comes less than two months after TICO purchased systems integrator Bastian Solutions LLC to lay the groundwork for a new division, called Toyota Advanced Logistics Solutions (TALS), to sell integrated automation and productivity solutions to material handling and logistics markets in North America.

Material Handling
KEYWORDS Toyota Industries Corp. Vanderlande
  • Related Articles

    U.S. demand for new pallets to hit 1.3 billion by 2017

    Amazon-backed electric vehicle startup Rivian lands $1.3 billion in funding

    Private equity firm ponies up $1.3 billion to acquire Echo Global Logistics

Recent Articles by DC Velocity Staff

IoT vendors say industry needs better collaboration

Survey: only 55% of shippers filled their LTL trucks to full capacity in 2022

Survey: consumers set price cap on paying sustainability premium

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Wireless technology could help electric trucks charge more safely, efficiently

  • Port of Oakland reports slow February container volumes as retail activity sputters

  • What’s shaping omnichannel fulfillment strategies?

  • WMS feels the squeeze

  • Freight downcycle is closer to the end than the start, ACT says

Now Playing on DCV-TV

Ce1e8b83 026c 4709 8554 43eef6c78213

Will the Silicon Valley Bank Fallout Affect Your Supply Chain? And Our Salute to the Women Supply Chain Leaders

DCV-TV 4: Viewer Contributed
The developments with Silicon Valley Bank and other financial institutions have gotten everyone’s attention. Will these banks be “isolated incidents” or do they portend a contagion with dire economic consequences? Candidly, I think the verdict is still out.That said, we’ve heard from some shippers and columnists who...

FEATURED WHITE PAPERS

  • Five tips for parcel success in 2023

  • Education Series: How, When and Why to Use XR Wearables in Your Industrial Business

  • The Future of Fleet Management: 5 Trends and Influences That Will Drive Logistics in 2023

  • The five best applications for robotic lift trucks in warehouse environments

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing