# Toyota Industries acquires Bastian Solutions for $260M

Toyota Industries Corp. announced the acquisition of Indianapolis-based Bastian Solutions LLC for $260 million. Bastian provides material handling automation and supply-chain software. The deal is expected to close in April 2017.

- Type: Acquisition
- Announced: 2017-02-03
- Where: Indianapolis, Indiana, United States
- Value: $260.0M
- Status: announced
- Products: material handling automation, supply-chain software, industrial controls, robotics
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Toyota Industries Corporation](https://endata.com/companies/7152.md) (acquirer)
- [Bastian Solutions LLC](https://endata.com/companies/16718.md) (target)

## Sources

- [ibj.com](https://www.ibj.com/articles/62351-japanese-firm-buying-indy-based-logistics-company-for-260m), 2017-02-03: "Industrial manufacturer Toyota Industries Corp. is getting into the logistics business, and it’s buying Indianapolis-based Bastian Solutions LLC for $260 million as part of that plan."
- [wsj.com](https://www.wsj.com/articles/toyota-industries-acquires-warehouse-robotics-developer-1486416718), 2017-02-06: "Toyota said it is making a 'full-scale entry' into the North American logistics technology sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.