# Jungheinrich acquires warehouse robotics vendor Magazino

Jungheinrich AG acquired all remaining shares of Magazino GmbH from its founders and co-shareholders, having previously held a 21.7% stake. Magazino will operate as an independent company within the Jungheinrich Group.

- Type: Acquisition
- Announced: 2023-08-23
- Where: Munich, Germany
- Status: completed
- Products: mobile robotics, logistics robots, TORU model robot
- 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)
- [FIEGE](https://endata.com/companies/72214.md) (partner)

## Sources

- [dcvelocity.com](https://www.dcvelocity.com/articles/58353-jungheinrich-buys-warehouse-robotics-vendor-magazino), 2023-08-23: "The takeover of Magazino marks another strategically important step towards strengthening that automation expertise."
- [jungheinrich.com](https://www.jungheinrich.com/en/newsroom/shares-in-robotics-company-magazino-1407284), 2023-08-23: "With the acquisition of Magazino, one of the largest development teams for mobile robots in Europe joins Jungheinrich."
- [fiege.com](https://www.fiege.com/en/newsroom/fiege-sells-investment-magazino-jungheinrich), 2023-08-23: "The sale of our shares brings a very exciting chapter to an end."
- [thescxchange.com](https://www.thescxchange.com/articles/8678-jungheinrich-buys-warehouse-robotics-vendor-magazino), 2023-08-23: "The takeover of Magazino marks another strategically important step towards strengthening that automation expertise"
- [logisticsmatters.co.uk](https://www.logisticsmatters.co.uk/product/jungheinrich-acquires-robotics-company-magazino/), 2023-08-25: "JUNGHEINRICH HAS built on its existing shareholdings in the company and now has acquired it outright."
- [loginfo24.com](https://loginfo24.com/en/2023/09/05/jungheinrich-fully-acquires-robotics-specialist-magazino/), 2023-09-05: "For Jungheinrich, the complete acquisition of Magazino is another strategically important step in strengthening its automation expertise."
- [vertikal.net](https://vertikal.net/en/news/tag/117/acquisition?page=10&tx_vertikal_pi10=69), 2023-10-19: "Forklift and warehouse automation company Jungheinrich has acquired Munich based robotics company Magazino"

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