Toyota buys intralogistics software firm Viastore
THE DEAL is the latest acquisition by Toyota to diversify from its traditional strength in forklifts by integrating automated logistics and warehouse software brands.
Toyota Industries Corporation (TICO) bought the Germany based software specialist for an undisclosed sum.
The deal is is still subject to antitrust approval and is anticipated to complete in the third quarter.
Toyota is expected to integrate Viastore as an independent unit under the Toyota Advanced Logistics Group (TALG) – brand. Business areas, locations and management will be maintained.
In 2017, TICO acquired European automated systems provider Vanderlande and Bastian Solutions, a North-American system integrator. The brands, Bastian, Vanderlande and viastore, are said to be among the top 20 intralogistics brands worldwide.
A press statement said: ‘With its three business units, Viastore completes TICO’s range of products and services and will enable an integrated intralogistics offering and customer-specific solutions in the future – from forklifts to fully automatic sorting systems. Together with TICO, Viastore will continue to actively pursue its growth strategy. The new partnership provides Viastore with access to the customer portfolio of a leading global engineering group and long-term growth prospects for all three business areas.’
For more information, visit www.toyota-forklifts.co.uk
