Another financing round
Jungheinrich acquires stake in robotics start-up Magazino
Representatives of both companies signed the corresponding contracts in Dingolfing near Munich on September 23. At the same time, Jungheinrich and Magazino agreed on a broad strategic cooperation and will pool their expertise in the field of mobile automation in the future.
"Magazino is a highly innovative young company with outstanding expertise in the field of navigation and control software for mobile automation. The investment is in line with our strategy in the field of automation and will make a significant contribution to the accelerated expansion of our automated truck business," says Dr. Lars Brzoska, CEO of Jungheinrich AG.
Automation is considered 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 will be driven primarily by the continued strong increase in online trade and the global shortage of skilled logistics workers, especially forklift drivers.
Magazino has been on the market since 2014 with a mobile picking robot that is able to navigate intelligently in the warehouse and precisely pick the right cartons and, according to industry observations, has been waiting for a breakthrough ever since. "By controlling the robots in this complex environment, Magazino has developed a globally unique expertise that we want to further expand together in the future and incorporate into the Jungheinrich product world," says Dr. Lars Brzoska.
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