Vanderlande announces acquisition of Siemens Logistics [Yahoo! Finance]
TOYOTA INDUS CRP UNSP/ADR (TYIDY)
NASDAQ:AMEX Investor Relations:
toyota-industries.com/investors
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Source: Yahoo! Finance
and parcel sectors, has signed an agreement to acquire Siemens Logistics – a leading provider of value-added baggage and cargo handling as well as transformational digital solutions for the airport operation of the future – from the company's current owner Siemens. The acquisition has received full approval and support from the Supervisory and Management Boards of both Vanderlande and its parent company Toyota Industries Corporation (TICO) as well as the Management Board of Siemens. The proposed transaction will significantly enhance customer value by providing accelerated access to advanced technologies, improving global presence for better local service, and creating further customer value through synergies in technology development. With this acquisition, Vanderlande is building a firm foundation for sustainable growth within the wider automated logistics market based on the strong and reliable contribution of its airport business. The global logistics landscape is undergoing
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