Magazino founders sell all shares to Jungheinrich

Berlin — Maga­zino, a robo­tics specia­list from Munich, has sold all its shares in Jung­hein­rich. The listed Hamburg-based company Jung­hein­rich is taking over the Munich-based robo­tics specia­list Maga­zino in full. In addi­tion to its exis­ting share­hol­ding, which has been in place since 2020 and will be increased to 21.7 per cent in 2022, Jung­hein­rich will acquire all the shares held by the foun­ders as well as the previous co-share­hol­­ders, inclu­ding Fiege Logis­tik and Körber. The tran­sac­tion became effec­tive imme­dia­tely upon signing this week. The parties have agreed not to disc­lose the purchase price. YPOG advi­sed the foun­ders of Maga­zino on this transaction.

For Jung­hein­rich, the complete take­over of Maga­zino is another stra­te­gi­cally important step towards streng­thening its auto­ma­tion exper­tise. Foun­ded in 2014, Maga­zino employs around 130 people and has one of Europe’s largest deve­lo­p­ment teams in mobile robo­tics. The company offers a powerful tech­no­logy plat­form that enables the opera­tion of logi­stics robots even in a mixed human-machine envi­ron­ment. Robots are thus able to intel­li­gently navi­gate in the warehouse and speci­fi­cally grab and trans­port requi­red objects. Magazino’s system and robots are alre­ady in use in the warehou­ses of various indus­trial custo­mers, online retail­ers and logi­stics service provi­ders. Moreo­ver, the control soft­ware for robots in complex logi­stics envi­ron­ments is alre­ady inte­gra­ted in Jungheinrich’s EAEa. This is a fully auto­ma­ted low-lift truck that was presen­ted for the first time at this year’s Logi­MAT intra­lo­gi­stics trade show.

Maga­zino is to conti­nue to grow as an inde­pen­dent company within the Jung­hein­rich Group and, above all, to utilize the Group’s global sales and service network. The company will conti­nue to be mana­ged by the two co-foun­­ders Frede­rik Brant­ner and Lukas Zanger as well as Dr. Moritz Tenorth.

Jung­hein­rich is thus streng­thening the field of auto­no­mous mobile robots as a future field of intra­lo­gi­stics, promo­ting the further expan­sion of its soft­ware exper­tise and being comple­men­ted by one of the largest deve­lo­p­ment teams for mobile robots in Europe with some 130 experts.

About Maga­zino

Maga­zino offers solu­ti­ons for proces­ses that previously could not be auto­ma­ted. They design intra­lo­gi­stics that are more flexi­ble and effi­ci­ent than ever before. To this end, they are deve­lo­ping and buil­ding the next gene­ra­tion of intel­li­gent logi­stics robots. With their ACROSAI tech­no­logy, they work toge­ther with people — simply, safely, stably and with a quality that no one before Maga­zino has ever achieved.

About Jung­hein­rich

As one of the world’s leading intra­lo­gi­stics solu­tion provi­ders, Jung­hein­rich has been driving the deve­lo­p­ment of inno­va­tive and sustainable mate­rial flow products and solu­ti­ons for 70 years. As a pioneer in its indus­try, the listed family-owned company is commit­ted to shaping the warehouse of the future. In fiscal 2022, Jung­hein­rich gene­ra­ted sales of €4.76 billion with some 20,000 employees. The global network compri­ses 12 produc­tion sites as well as service and sales compa­nies in 42 count­ries. The share is listed in the MDAX.