Jungheinrich buys MIAS Group

News Story
- 20 Aug 2015 ( #732 ) - Hamburg, Germany
1 min read
MIAS heavy-duty stacker crane
MIAS heavy-duty stacker crane
Jungheinrich has expanded its logistics systems profile with the acquisition of the MIAS Group.

The acquisition price has not been disclosed and the transaction is scheduled to settle in the fourth quarter of 2015.

Jungheinrich says the acquisition is "a major step en route to enlarging the global footprint of the strongly expanding logistics systems business". By acquiring the MIAS Group, Jungheinrich is enlarging its technology portfolio in the field of auto-mated warehouse solutions.

"With the MIAS Group, we will continue to expand our logistics systems business substantially," says Hans-Georg Frey, chairman of the board of management of Jungheinrich AG.

Headquartered in Munich, the MIAS Group is an international equipment manufacturer in the warehousing and transportation technology sectors, where it offers stacker cranes and load handling equipment. In the 2014 financial year, the group generated about EUR40 million (USD44.1 million) in net sales.

MIAS has over 300 employees at five locations in Germany, Hungary, China, the USA and Italy.

The MIAS Group will be integrated into Jungheinrich AG's Logistics Systems divi-sion and continue to offer its products independently under the MIAS brand name. The current board of directors of the MIAS Group, consisting of Wolfgang Büttner and Dr. Johannes Fottner, will continue to run the company after it has been acquired by Jungheinrich and report directly to Dr. Klaus-Dieter Rosenbach, the member of the board of management of Jungheinrich AG responsible for the logistics systems mandate.
Fleet Team acquires Forklift Training Systems
Fleet Team acquires Forklift Training Systems 11 Apr 2024 - Independence, OH, United States - <1 min read
Blue Yonder to buy One Network
Blue Yonder to buy One Network 11 Apr 2024 - Dallas, TX, United States - 1 min read
Konecranes takes over Kocks
Konecranes takes over Kocks 11 Apr 2024 - Hyvinkää, Finland - 1 min read
Previously about:
Lower emissions a major focus at LogiMAT News Story - 11 Apr 2024 - Stuttgart, Germany - 5 min read
Movers & Shakers News Story - 4 Apr 2024 - 4 min read
Safety front of mind at LogiMAT News Story - 28 Mar 2024 - Stuttgart, Germany - 6 min read
Do you have materials handling news? Submit your news here
Inside The News
With companies large and small seeking to reduce their carbon footprints, most of the attention has so far focussed on direct carbon emissions... Continue reading

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

CeMAT Australia is returning to the Melbourne Convention and Exhibition Centre on July 23 - 25, 2024.

Register for free and experience the leading global trade show for intralogistics, materials handling, and supply chain management, and familiarise yourself with the latest technology in your sector!

Register Now! 

Showcased in the Virtual Expo

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction