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Toyota Industries Corporation to acquire Vanderlande

Forming together a global leading full range supplier of material handling solutions - from manual to fully automated

Toyota Industries Corporation (TICO) has signed an agreement to acquire Vanderlande - the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses - from the company’s current owner NPM Capital.

For more information, please contact:

Jonas Lindell
Senior Corporate Communications Officer
Toyota Material Handling Europe
E-mail: Tel.: +46 70 351 24 38

 

The transaction signifies TICO’s strategic ambition to increase its presence in automated material handling. It follows the recently announced expansion in North America with the acquisition of Bastian Solutions LLC and further cements TICO’s global leading position for total solutions within material handling.

Founded in 1949 and headquartered in Veghel, The Netherlands, Vanderlande has delivered solutions in more than 105 countries with local presence in 30 of them. Building on innovative systems, intelligent software and life-cycle services, Vanderlande has showed significant growth over recent years and is well positioned for the future with close working relationships with high-profile customers.

As Managing officer for TICO and the designated Chairman of Vanderlande’s Supervisory Board, Mr. Norio Wakabayashi, says, “Vanderlande complements our current offering by providing a full range of integrated automated material handling solutions. We also see a strong strategic match in our extensive sales and service networks. This acquisition creates an even stronger global coverage across almost all of the markets that have a requirement for automation.”

”Vanderlande’s CEO Remo Brunschwiler adds, “Vanderlande is pleased to be acquired by such a hugely successful, strategic partner. The financial strength behind TICO and its global presence will help our company to continue with its strategy of sustainable profitable growth. NPM Capital’s Managing Director, Bart Coopmans, concludes,

“NPM Capital has had a long term focus with respect to investing in Vanderlande since the start in 1988. We have continuously supported investments in the organization and its technological capabilities resulting in Vanderlande’s current market leading positions. The entry of Toyota as a strong strategic shareholder will enable Vanderlande to take the next step in its growth trajectory.”

The acquisition has been fully approved and supported by Vanderlande’s Management Board and Works Council. Vanderlande will retain its name and corporate identity, as well as continue its operations as a standalone entity from the same locations worldwide. The transaction is subject to customary regulatory approvals and closing is expected during Q2 2017.

1. Acquisition Overview
Acquisition method: Acquisition of 100% of the shares through a wholly owned European subsidiary
Cost: 1.16 billion euro
Scheduled closing date: Q2 2017

2. Company outline
Vanderlande: Vanderlande is the global market leader for value-added logistic process automation at airports, and in the parcel market. The company is also a leading supplier of process automation solutions for warehouses in the e-commerce, food retail and fashion sectors.

As such, 12 of Europe’s top 20 e-commerce businesses and many distribution firms already have confidence in Vanderlande’s efficient and reliable solutions. The company’s baggage handling systems move 3.2 billion pieces of luggage around the world per year, in other words 8.8 million per day. Its systems are active in 600 airports including 14 of the world’s top 20. More than 20 million parcels (300 packages per second) are sorted by its systems every day, which have been installed for the world’s leading parcel companies.

The company focuses on the optimisation of its customers’ business processes and competitive positions. Through close cooperation, it strives for the improvement of their operational activities and the expansion of their logistical achievements. Vanderlande’s extensive portfolio of integrated solutions – innovative systems, intelligent software and life-cycle services – results in the realisation of fast, reliable and efficient automation technology.

Established in 1949, Vanderlande has more than 4,500 employees, all committed to moving its customers’ businesses forward at diverse locations on every continent. With a consistently increasing turnover of more than one billion euros, it has established a global reputation over the past six decades as a highly reliable partner for value-added logistic process automation. For more information about the company, its products and technology, as well as career opportunities, please visit www.vanderlande.com.

3. Company Outline Toyota Industries Corporation
Toyota Industries Corporation (TICO) was established in 1926 in Japan as a manufacturer of automatic looms. Since then TICO has expanded the scope of its business domains and currently conducts 6 businesses around the world.

In the material handling business, under the Toyota Material handling Group’s (TMHG) management structure, manufacturing bases and sales distributers spreading worldwide combine their strength. TMHG has had the top share of the global market since 2001.

Company name: Toyota Industries Corporation
Market offer: Automatic looms, car air-conditioning compressors, automobiles, engines, electronics, and material handling equipment
Sales volume: € 16,8 Billion (FY 2016)*
Employees: About 51,500 (FY 2016)
Web site: www.toyota-industries.com

* fiscal 2016 refers to the fiscal year ending March 31, 2016. The euro figures are translated from yen, for convenience only, at the exchange rate of the fiscal year-end.