Jungheinrich acquires all shares of cellular robotic developer Magazino

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Jungheinrich, a Hamburg-based intralogistics firm, has acquired all shares of the robotics firm Magazino from the founder and former co-shareholders. These shareholders embrace Cellcom, Fiege Logistik, and Körber. 

Jungheinrich has had shares in Magazino since 2020, and in 2022 it elevated its possession to 21.7%. The brand new deal, to accumulate all shares of the corporate, took impact instantly upon signing earlier this week. Each events have agreed to not disclose the acquisition worth. 

Magazino will proceed to develop and function as an impartial firm inside Jungheinrich. It’s going to stay below the administration of its co-founders, Frederik Brantner and Lukas Zanger in addition to Dr. Moritz Tenorth. The robotics firm will now have entry to the Group’s international gross sales and repair community. The Magazino model can be retained, and the corporate will proceed to work with different companions and clients. 

“The necessity for warehouse automation is rising consistently,” Frederik Brantner, CEO and co-founder of Magazino, stated. “By steering robots on this complicated surroundings, we now have developed a novel experience that we wish to additional increase. We want to thank our earlier buyers for the belief they’ve positioned in us and for the various years of profitable cooperation. They’ve supported us strategically and financially to this point and have made a major contribution to the additional improvement of our enterprise. Collectively we now have laid the muse for the subsequent chapter in Magazino’s success story. With Jungheinrich, we’ll proceed to increase our intralogistics expertise management and in addition increase internationally.”

For Jungheinrich, buying Magazino is a step in direction of strengthening its automation experience. The corporate has already began to dip its toes into the cellular robotic world with its acquisition of autonomous cellular robotic (AMR) supplier arculus in November 2021. Magazino can also be a super addition to Jungheinrich’s enlargement of its enterprise with automated and autonomous autos. 

“We’ve been working carefully with Magazino for a number of years now, we’re on par with one another and talk nicely. The chemistry is solely proper. Now we’re taking the subsequent logical step in our cooperation and buying Magazino in full”, Dr. Lars Brzoska, Chairman of the Board of Administration of Jungheinrich, stated. “Magazino is a profitable firm with excellent administration and prime specialists out there. It has excellent software program competencies and has developed options which have the potential to form the way forward for intralogistics in the long run. Within the Group, we’ll leverage these competencies to collectively drive the additional improvement of revolutionary automation and robotics options.”

Magazino was based in 2014, and at the moment employs round 130 folks, that means it has one of many largest cellular robotics improvement groups in Europe. The corporate provides a expertise platform that permits logistics robots to function in a blended human-machine surroundings, permitting robots to intelligently navigate in warehouses in addition to selectively choose up and transport wanted objects. 

Magazino provides two cellular robots, SOTO, a cellular robotic for industrial manufacturing that may autonomously transport supplies on to the meeting line, and TORU. TORU is a cellular robotic that may independently retailer and retrieve small cartons in shelving racks, like shoe bins. 

The corporate’s programs are already in use in warehouses of varied industrial clients, on-line retailers, and logistics service suppliers. Magazino’s management software program for robots in logistics environments can also be already built-in in Jungheinrich’s EAEa, a completely automated low-lift truck.

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