The Jungheinrich Group has announced its acquisition of the German-owned MIAS Group.
MIAS is well known for its range of stacker cranes, automated pallet handlers and sophisticated materials handling technology and employs over 300 staff based at five locations in Germany, Hungary, China, the USA and Italy.
While the MIAS Group will be integrated into Jungheinrich AG’s Logistics Systems Division it will continue to offer its products independently under the MIAS brand name.
In the 2014 financial year, the MIAS group generated net sales of some 40 million euros and its acquisition is further evidence of Jungheinrich’s determination to further expand its logistics systems business.
Steve Richmond, Director of Jungheinrich UK Ltd’s Systems and Projects Division, commented: “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.”