Jungheinrich expands materials handling
Best known for its forklifts, German firm Jungheinrich has broadened its business footprint.
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Jungheinrich fork lift
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Jungheinrich is substantially enlarging its footprint as a logistics system provider.
It has purchased 75 per cent of ISA (Innovative Systemlösungen für die Automation GmbH) which is headquartered in Graz, Austria, and claims to be one of the leading warehousing and material flow engineering software companies.
The parties agreed not to disclose the acquisition price.
The Hamburg-based intralogistics specialist had acquired a 25 per cent stake in ISA as early as November 2009.
In their close, years-long cooperation, Jungheinrich and ISA have carried out a large number of joint projects.
ISA will remain an autonomous company at its current location
and will be assigned to Jungheinrich's Logistics Systems Sales
Division.
With effect from January 1, 2013, Markus Skof (33), the
current project and key account manager for Jungheinrich at ISA,
and Dr Markus Heinecker (36), the current head of warehouse
management systems with Jungheinrich, will become the managing
directors of the Graz company.
Founded in 1989, ISA currently employs some 70
people.
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