Assisted by Heuking Kühn Lüer Wojtek, led by Hamburg-based partner Dr. Stefan Duhnkrack, Jungheinrich continues to expand its leading position as a provider of logistics systems. Jungheinrich AG signed an agreement regarding the acquisition of MIAS Group with its owners. The acquisition price was not disclosed. Subject to the usual conditions precedent, the transaction is expected to be completed in Q4 2015.
The acquisition is a further step in the implementation of Jungheinrich Group's growth strategy and a step towards global expansion of the rapidly growing logistics systems business. With the acquisition of MIAS Group, Jungheinrich continues to expand its technology portfolio in the field of automated warehouse solutions.
Jungheinrich AG, headquartered in Hamburg, is one of the world's leading companies in the material handling equipment, warehousing and material flow engineering sectors. As an intralogistics service and solution provider, the company offers its customers a comprehensive range of forklift trucks, logistics systems, and consulting services. Jungheinrich shares are traded on all German stock exchanges.
As equipment manufacturer for warehousing and transportation technology, Munich-headquartered MIAS Group is world market leader in telescopic tablets for pallets and specializes in storage and retrieval units. In fiscal 2014, the group generated revenue of some EUR 40 million. MIAS employs more than 300 at five locations in Germany, Hungary, China, the U.S., and Italy. MIAS Group's existing management board members Wolfgang Büttner and Dr. Johannes Fottner will continue to run the company after its acquisition by Jungheinrich.
Counsel to Jungheinrich AG
Heuking Kühn Lüer Wojtek:
Dr. Stefan Duhnkrack (Lead, M&A),
Tim Petermann (Lead Due Diligence, Corporate),
Florian Wenk, LL.M. (Due Diligence, Commercial and Abroad),
Fabian G. Gaffron, also Tax Advisor (Tax Law),
Dr. Søren Pietzcker, LL.M. (IP and IT),
Dr. Stefan Bretthauer (Antitrust), all Hamburg