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Jungheinrich buys into Magazino

Wednesday, 30 September 2020 ( #994 ) - Hamburg, Germany
Jungheinrich will integrate Magazino automation
Jungheinrich will integrate Magazino automation
Jungheinrich has acquired a stake in the Munich-based robotics start-up Magazino. "Magazino is a highly innovative young company that has outstanding skills in the area of navigation and control software for mobile automation," says Jungheinrich chairman Lars Brzoska. "This investment follows our strategy in the field of automation and will make a significant contribution to the accelerated expansion of our business with automated trucks." Automation is one of the biggest growth drivers in the intralogistics sector. Jungheinrich expects double-digit growth rates in this segment in the coming years. This trend is driven, above all, by the persistently strong growth in online trade and the global shortage in logistics specialists, particularly forklift operators. Magazino has been on the market since 2014 with a mobile order picker robot that has the ability to intelligently navigate its warehouse and precisely pick the correct boxes. The system is used in the warehouses of a variety of online retailers and logistics service providers. "By controlling the robots in this complex environment, Magazino has developed globally unique expertise that we want to expand in the future and integrate into the world of Jungheinrich products," Brzoska explains. Frederik Brantner, CEO and co-founder of Magazino, welcomes the collaboration with the forklift giant. "Jungheinrich's investment in Magazino demonstrates the high market demand for our robotics software, ACROS.AI, and our robots. With it, Magazino will take on a central role in software in the rapidly growing market for mobile robotics," he says.
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