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.
'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.
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.'
SeaNews Turkey
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.
'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.
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.'
SeaNews Turkey
