Vanderlande, a Dutch company developing automated logistics systems for warehouses and airports, has entered into an agreement to acquire German Siemens Logistics GmbH, a provider of baggage and cargo handling services. This is reported in a press release from Vanderlande.
The transaction value is $325 million.
As part of the deal, Vanderlande, a subsidiary of Toyota Industries Corporation (TICO), expects to significantly increase the value of the company through the use of advanced technologies, an expanded global presence and synergies in technology development.
The global logistics sector is changing significantly amid the growing demand for efficient automated systems. Vanderlande, known for its extensive presence in the field of airport logistics, counts on the great potential of this sector for growth. Taking into account the increase in passenger traffic and airport investments in modernization, the long-term prospects for the development of the airport automation market are considered positive.
Siemens Logistics provides sorting technologies and solutions for airport logistics, including baggage and cargo handling systems, as well as advanced software for digitalizing logistics processes for airport operations. The headquarters is located in Nuremberg (Germany). Siemens Logistics is a subsidiary of Siemens AG.
Siemens AG is one of the largest technology companies in the industry, infrastructure, mobility and healthcare sectors. In 2023, revenue was 74.9 billion euros ($81.3 billion), and net profit was 8.5 billion euros ($9.2 billion).
Vanderlande is a Dutch company developing automated logistics systems for warehouses, airports and postal companies. The headquarters is located in Wegel (Netherlands).
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