News Story
1 minute read

Jungheinrich buys MIAS Group

Thursday, 20 August 2015 ( #732 ) - Hamburg, Germany
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.
The Material Handling Equipment Distributors Association has announced the 2021 MVS Award winners.
Superior Tire is proud to announce the release of their improved and redesigned website and customer store.

Upcoming Events

June 10, 2021 - Istanbul, Turkey
September 13 - 17, 2021 - Virtual Event, United Kingdom
3-6 May 2022 - Fieramilano - RHO, Italy

Latest Jobs

White House, Tennessee, United States
Tupelo, MS, United States
Baltimore, United States
San Francisco Bay Area, United States

Next Editorial Features

1. ENERGY SOLUTIONS – March 2021
2. AUTOMATION AND ROBOTICS – May 2021

Upcoming Events

June 10, 2021 - Istanbul, Turkey
September 13 - 17, 2021 - Virtual Event, United Kingdom
3-6 May 2022 - Fieramilano - RHO, Italy

Latest Jobs

San Francisco Bay Area, United States
White House, Tennessee, United States
Tupelo, MS, United States
Denver Colorado, United States
The Material Handling Equipment Distributors Association has announced the 2021 MVS Award winners.
Mobicon Systems' guide for purchasing your container handling equipment.

Next Editorial Features

1. ENERGY SOLUTIONS – March 2021
2. AUTOMATION AND ROBOTICS – May 2021
The LET-a CeMAT ASIA event, the biggest intelligent logistics equipment and technology trade fair in South China, will be held at the China Import and Export Fair Complex, Guangzhou, China.
With every product you promote on Forkliftaction you get: A FREE VIRTUAL EXPO SHOWCASE for 6 weeks of BONUS visibility! That's 1 x free Virtual Expo Showcase...

Upcoming Events

June 10, 2021 - Istanbul, Turkey
September 13 - 17, 2021 - Virtual Event, United Kingdom
3-6 May 2022 - Fieramilano - RHO, Italy

Latest Jobs

Denver Colorado, United States
White House, Tennessee, United States
Fort Smith, AR, United States
Peoria, IL, United States

Next Editorial Features

1. ENERGY SOLUTIONS – March 2021
2. AUTOMATION AND ROBOTICS – May 2021