Jungheinrich acquires MIAS Group
Published: 24 August, 2015
The Jungheinrich Group has announced its acquisition of the German-owned MIAS Group to boost its logistics operations.
MIAS provides stacker cranes, automated pallet handlers and materials handling technology and employs more than 300 staff at five locations in Germany, Hungary, China, the USA and Italy.
Jungheinrich offers material handling equipment, warehousing and warehousing technology, and material flow engineering services.
While the MIAS Group will be integrated into Jungheinrich AG’s Logistics Systems Division it will continue to sell its products under the MIAS brand name.
In the 2014 financial year, the MIAS group generated net sales of €40 million and its acquisition is further evidence of Jungheinrich’s determination to further expand its logistics systems business, the company says.
Steve Richmond, director of Jungheinrich UK’s systems and projects division, said: “By acquiring the MIAS Group, Jungheinrich is enlarging its technology portfolio in the field of automated warehouse solutions.
“In such a competitive global arena, this acquisition further expands the already extensive range of automated intralogistics solutions Junghenirch is able to supply and support around the world.”