# Jungheinrich acquires stake in robotics start-up Magazino

Jungheinrich AG acquired a stake in the Munich-based robotics start-up Magazino. The companies also agreed on a strategic collaboration to combine skills in mobile automation. Terms were not disclosed.

- Type: Acquisition
- Announced: 2020-09-24
- Where: Munich, Germany
- Status: completed
- Products: mobile order picker robot, automation software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Jungheinrich](https://endata.com/companies/15086.md) (acquirer)
- [Magazino](https://endata.com/companies/50144.md) (target)

## Sources

- [jungheinrich.co.uk](https://www.jungheinrich.co.uk/about-us/press-events/press-releases/jungheinrich-acquires-stake-in-robotics-start-up-magazino-856774), 2020-09-24: "Magazino is a highly innovative young company that has outstanding skills in the area of navigation and control software for mobile automation."

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