Material handling equipment and warehousing provider, Jungheinrich, is buying the German-owned MIAS Group, which provides stacker cranes, automated pallet handlers and materials handling technology to a range of sectors including automotive.
“By acquiring the MIAS Group, Jungheinrich is enlarging its technology portfolio in the field of automated warehouse solutions,” said Steve Richmond, director of Jungheinrich UK’s Systems and Projects division. “In such a competitive global arena, this acquisition further expands the already extensive range of automated intralogistics solutions Jungheinrich is able to supply and support around the world.”
MIAS will be integrated into Jungheinrich’s Logistics Systems division but will continue to offer its products independently under the MIAS brand name.
The company operates out of five locations in Germany, Hungary, China, the US and Italy.
MIAS generated net sales of around €40m ($45m) last year. Meanwhile, Jungheinrich said it expected incoming orders and consolidated net sales to range between €2.6 and €2.7 billion this year.