Junghein­rich acquires all shares in robot­ics com­pany Mag­a­zino from the founders and pre­vi­ous co-shareholders 

Junghein­rich acquires all shares in robot­ics com­pany Mag­a­zino from the founders and pre­vi­ous co-shareholders

• Strength­en­ing the area of autonomous mobile robots as future field of intralogistics
• Fur­ther expan­sion of soft­ware competence
• Adding one of the largest devel­op­ment teams for mobile robots in Europe with around 130 experts

Munich, 23 August 2023 – Ham­burg-based intral­o­gis­tics pio­neer Junghein­rich is fully tak­ing over Mag­a­zino, a Munich-based robot­ics spe­cial­ist. In addi­tion to its share­hold­ing, which has existed since 2020 and was increased to 21.7 per­cent in 2022, Junghein­rich is acquir­ing all shares held by the founders as well as the pre­vi­ous co-share­hold­ers, a.o. Cell­com, Fiege Logis­tik, and Kör­ber. The trans­ac­tion took effect imme­di­ately upon sign­ing this week. The par­ties have agreed not to dis­close the pur­chase price. Mag­a­zino will con­tinue to grow as an inde­pen­dent com­pany within the Junghein­rich Group and also in par­tic­u­lar make use of the Group’s global sales and ser­vice net­work. The com­pany will remain under the man­age­ment of both Co-Founders Fred­erik Brant­ner and Lukas Zanger as well as Dr. Moritz Tenorth.

For Junghein­rich, the full 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 the largest mobile robot­ics devel­op­ment teams in Europe. The com­pany offers a pow­er­ful tech­nol­ogy plat­form that enables logis­tics robots to also oper­ate in a mixed human-machine envi­ron­ment. As a result, robots are able to intel­li­gently nav­i­gate in the ware­house as well as selec­tively pick up and trans­port needed objects. Magazino’s sys­tem and robots are already in use in ware­houses of var­i­ous indus­trial cus­tomers, online retail­ers and logis­tics ser­vice providers. The con­trol soft­ware for robots in com­plex logis­tics envi­ron­ments is also already inte­grated in Jungheinrich’s EAEa, a fully auto­mated low-lift truck that was ini­tially pre­sented at this year’s Logi­MAT intral­o­gis­tics trade fair.

For Junghein­rich, the merger is an ideal addi­tion as part of the expan­sion of its busi­ness with auto­mated and autonomous vehi­cles. Going for­ward, Magazino’s soft­ware and devel­op­ment exper­tise will be even more closely inte­grated into Jungheinrich’s prod­uct devel­op­ment. Mag­a­zino gains access to Jungheinrich’s inter­na­tional sales and ser­vice net­work and becomes part of a broad port­fo­lio of intral­o­gis­tics prod­ucts and solu­tions. The Mag­a­zino brand will be retained and the com­pany will con­tinue to work with exter­nal inte­gra­tion part­ners and customers.

“We’ve been work­ing closely with Mag­a­zino for sev­eral years now, we are on par with each other and com­mu­ni­cate well. The chem­istry is sim­ply right. Now we are tak­ing the next log­i­cal step in our coop­er­a­tion and acquire Mag­a­zino in full”, said Dr. Lars Brzoska, Chair­man of the Board of Man­age­ment of Junghein­rich. “Mag­a­zino is a suc­cess­ful com­pany with a very good man­age­ment and top experts in the mar­ket. It has out­stand­ing soft­ware com­pe­ten­cies and has devel­oped solu­tions that have the poten­tial to shape the future of intral­o­gis­tics in the long term. In the Group, we will lever­age these com­pe­ten­cies to jointly drive the fur­ther devel­op­ment of inno­v­a­tive automa­tion and robot­ics solutions.”

Fred­erik Brant­ner, CEO and Co-Founder of Mag­a­zino: “The need for ware­house automa­tion is grow­ing con­stantly. By steer­ing robots in this com­plex envi­ron­ment, we have devel­oped a unique exper­tise that we want to fur­ther expand. We would like to thank our pre­vi­ous investors for the trust they have placed in us and for the many years of suc­cess­ful coop­er­a­tion. They have sup­ported us strate­gi­cally and finan­cially to date and have made a sig­nif­i­cant con­tri­bu­tion to the fur­ther devel­op­ment of our busi­ness. Together we have laid the foun­da­tion for the next chap­ter in Magazino’s suc­cess story. With Junghein­rich, we will con­tinue to extend our intral­o­gis­tics tech­nol­ogy lead­er­ship and expand internationally.”