Dutch logistics equipment company Vanderlande has signed an agreement to acquire Siemens Logistics from German technology company Siemens.
Vanderlande’s acquisition of Siemens Logistics, which provides baggage and cargo handling as well as digital solutions for the airport operation of the future, is anticipated to strengthen its position within the wider logistics market.
“The proposed transaction will significantly enhance customer value by providing accelerated access to advanced technologies, improving global presence for better local service, and creating further customer value through synergies in technology development,” said Vanderlande, a specialist in logistic process automation for the warehousing, airports and parcel sectors.
The acquisition has received full approval 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 transaction is subject to customary regulatory approvals and is expected to close next year.
“As a distinguished provider of solutions for airport logistics, Siemens Logistics enjoys a first-class reputation in the baggage and air-cargo handling areas. Together with Vanderlande and our committed global teams, we look forward to bringing fresh impetus to the airport industry and to supporting our customers’ business with future-oriented technologies,” said Michael Schneider, chief executive of Siemens Logistics.
“Our innovative portfolio of high-performance hardware and software along with extensive offerings for smart services will perfectly complement Vanderlande’s portfolio and continue to drive automation and digitalization within the industry. A future joint set-up will offer our customers as well as our teams significant development and value-add potential.”
Andrew Manship, Vanderlande’s president and chief executive, commented: “Siemens Logistics’ innovative approach and robust business model align perfectly 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.”
Siemens Logistics said in 2022 that it aimed to develop airport logistics, which included focusing on automating and digitalising airfreight.
Siemens Logistics to focus on airfreight automation and digitalisation
The post Vanderlande acquires Siemens Logistics appeared first on Air Cargo News.
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