Jungheinrich acquires majority stake in ISI Automation
Published by : Industrial Automation
Hamburg’s Jungheinrich AG is to acquire ISI Automation GmbH & Co. KG of Lemgo, East Westphalia.
The move will see the turnkey automation solution specialist become part of Jungheinrich, one of the world’s leading providers of intralogistics solutions.
The company’s ISIPlus® and ISIPro® products will expand the Group’s portfolio in the area between ERP and the shop floor.
Dr Rosenbach, Member of the Board of Management Logistics Systems at Jungheinrich, explains, “We plan to strengthen ISI Automation and its plants in Lemgo and Extertal, and we have set ourselves the clear objective of further expanding the business with all existing and future customers in this important field of digitalisation.”
The current managing directors of ISI Automation, Frank Marek and Volker Sasse, will continue to lead the company under the new Jungheinrich majority ownership, thereby ensuring continuity.
Marek explains, “In a market that offers opportunities to compete on the international stage, this investment represents an important step in the strategic development of ISI Automation here in East Westphalia-Lippe.”
Founded in 1953, Jungheinrich ranks among the world’s leading providers of intralogistics solutions.
With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers customised solutions for the challenges posed by Industry 4.0.
The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and around 80 other countries through partner companies.
Jungheinrich employs around 18,000 people worldwide and generated Group revenue of €3.4 billion in 2017. The Jungheinrich share is listed on the SDAX.