Vanderlande, a logistics automation company for the warehousing, airports and parcel sectors, has signed an agreement to buy Siemens Logistics’ airport firm for €300 million – a deal which will bring together two rival businesses to create a new powerhouse in airport logistics automation.
The transaction, which is expected to close during the calendar year 2025, 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 deal follows Körber Group’s acquisition of Siemens Logistics’ mail and parcel business for €1.15 billion in 2022. Siemens said at the time that this sale will enable it to focus on its core technology business. Siemens noted that the Vanderlande deal is “another step in portfolio optimization as a leading technology company.”
Acquisition benefits
Siemens Logistics is a global provider of value-added baggage and cargo handling as well as transformational digital solutions for airport operations. By adding this offering to its portfolio, Vanderlande will be able to provide accelerated access to advanced technologies, improve its global presence for better local service, and create further customer value through synergies in technology development.
It will also be able to better respond to changing market conditions, such as increasing demand for efficient, automated systems, and to achieve sustained growth. With passenger travel on the rise and airports investing heavily in modernisation, the long-term market outlook for airport automation is highly positive, the firm noted.
“Siemens Logistics’ innovative approach and robust business model align perfectly with Vanderlande’s vision for the future,” said Andrew Manship, Vanderlande’s President and CEO.
“Its forward-thinking and innovative mindset also proves its ability to adapt to changing market dynamics. Our customers will benefit from a broader range of solutions and services, enabling them to address their challenges more effectively,” he added.
“Fresh impetus”
“Together with Vanderlande and our committed global teams, we look forward to bringing fresh impetus to the airport industry and to supporting our customers’ business with future oriented technologies,” said Michael Schneider, CEO of Siemens Logistics.
“Our innovative portfolio of high-performance hardware and software along with extensive offerings for smart services will perfectly complement Vanderlande’s portfolio and continue to contribute to automating and digitalizing the industry. A future joint set-up will offer our customers as well as our teams’ significant development and value-add potential,” he concluded.
