Toyota Industries Corporation (TICO) has signed an agreement to acquire Vanderlande from NPM Capital. The investment company, part of SHV Holdings, had been a shareholder since 1988. The Supervisory Board, the Executive Board and the Works Council of Vanderlande have consented to the acquisition and approved the transaction.
Vanderlande is global market leader in efficient logistic process automation at airports and for parcel services, as well as being a leading supplier for distribution centres. After the takeover, Vanderlande will continue operating under its current name and corporate style as an independent entity within TICO. Vanderlande will be continuing all its current activities at the current pace from the same locations all around the world.
Bart Coopmans, Managing Director of NPM Capital, explains: ‘From the outset in 1988, NPM Capital had envisioned a long-term investment horizon for Vanderlande. We have supported investments in the organisation and its technological capabilities ever since, and these investments have led to Vanderlande’s current position as global market leader in various market segments. Now that Vanderlande has achieved that leading position, the company is ready for the next stage of growth, with Toyota on board as a strong, strategic shareholder.’
The transaction will be subjected to the customary reviews for approval by the regulatory authorities; the transaction is expected to close in the second quarter of 2017.
Read also the original press release from Vanderlande.