Hamburg-based internal logistics company Jungheinrich (Jungheinrich) has acquired the entire stake in robotics company Magazino from its founders and former co-shareholders, which include Cellcom, Fiege Logistik and Korber.

Jungheinrich has held a stake in Magazino since 2020 and will increase its stake to 21.7 percent in 2022, with a new agreement to acquire all of the company’s shares taking effect immediately after signing, with both parties agreeing not to disclose the purchase price.

Magazino will continue to grow and operate as an independent company under Jungheinrich. The company will continue to be managed by co-founders Frederik Brantner and Lukas Zanger and Dr. Moritz Tenorth. Now that the robotics company has access to the Jungheinrich Group’s global sales and service network, the Magazino brand will be preserved and the company will continue to work with other partners and customers.

“There is a growing demand for warehouse automation,” said Frederik Brantner, CEO and co-founder of Magazino. By manipulating robots in this complex environment, we have developed unique expertise that we hope to expand further, and we would like to thank our previous investors for their trust in us and for our successful partnership over the years.” To date, they have supported us strategically and financially, making important contributions to the further development of our business. Together, we have laid the foundation for Magazino’s next successful chapter. With Jungheinrich’s help, we will continue to expand our leadership in internal logistics technology and expand our international presence.”

For Jungheinrich, the acquisition of Magazino is a step towards strengthening its automation expertise. With the acquisition of Autonomous mobile robot (AMR) supplier arculus in November 2021, Jungheinrich has already entered the field of mobile robots, and the Magazino is an ideal complement to Jungheinrich’s expansion into its autonomous and autonomous vehicle business.

DSAV112
57350001-FE

“We have worked closely with Magazino for several years, our relationship is good, communication is smooth and the chemistry between us is very good. “We will now take the next step in our partnership with the acquisition of full ownership of Magazino,” said Dr. Lars Brzoska, Chairman of the Jungheinrich Management Board. Magazino is a successful company with very good management and top experts in the market. It has excellent software capabilities and develops solutions that have the potential to shape the future of internal logistics in the long term. Within the Group, we will make full use of these capabilities to jointly drive the further development of innovative automation and robotics solutions.”

Founded in 2014, Magazino currently employs around 130 people and is one of the largest mobile robot development teams in Europe. The company offers a technology platform that enables logistics robots to operate in a hybrid human-machine environment, allowing robots to intelligently navigate warehouses and selectively pick up and transport needed items.

Magazino offers two types of mobile robots: SOTO (a mobile robot for industrial production that autonomously transports materials directly to the assembly line) and TORU, a mobile robot that can independently store and retrieve small cardboard boxes (such as shoeboxes) from shelves.

The company’s systems are already in use in the warehouses of various industrial customers, online retailers and logistics service providers. The Magazino’s robot control software for logistics environments has also been integrated into Jungheinrich’s fully automated low lift truck EAEa.