Magazino was Founded in 2014 and has developed a mobile picking robot capable of intelligently navigating the warehouse and precisely picking the right boxes. The system has made its way into the warehouses of various industrial customers, online retailers, and logistics service providers, where it operates alongside humans. The startup has also developed the ACROS.AI (“Advanced Cooperative Robot Operating System, powered by AI”) software platform for intelligent robots, a modular software toolkit for developing and operating intelligent and cooperative robots in complex and dynamic environments. The software is also deployed on third-party hardware.
The investors in the TUM spin-out included the High-Tech Gründerfonds, Siemens, Zalando, Cellcom, Fiege Logistik, and Körber. Jungheinrich also invested in the startup in 2020, and in 2022, the Hamburg-based company increased its stake to 21.7 percent. They are now acquiring the shares of the remaining shareholders. The founders are also selling their shares, with Frederik Brantner and Lukas Zanger remaining with Magazino as CEO and COO, respectively. The third founder, Nikolas Engelhard, left the company in 2020 and has since been responsible for Motius Magazino is to be established as an independent company within Jungheinrich continue to grow and, above all, leverage the Group's global sales and service network. The purchase price was not disclosed.
Frederik Brantner, CEO and Co-Founder of Magazino, says:
"The demand for warehouse automation is constantly growing. By controlling robots in this complex environment, we have developed a unique expertise that we intend to further expand. We would like to thank our existing investors for their trust and the long-standing, successful collaboration. They have supported us strategically and financially to date and have made a significant contribution to the further development of our business. Together with us, they have laid the foundation for the next chapter in Magazino's success story. Together with Jungheinrich, we will further expand our technological leadership in intralogistics and also expand internationally."
Magazino could have a lasting impact on the future of intralogistics
"We've been working closely with Magazino for several years, know each other well, and speak on equal terms. The chemistry is simply right. Now we're taking the next logical step in our collaboration and acquiring Magazino completely."
says Lars Brzoska, Chairman of the Board of Management of Jungheinrich.
"Magazino is a successful company with excellent management and top experts in the market. It has outstanding software expertise and has developed solutions that have the potential to shape the future of intralogistics. Within the group, we will leverage these competencies to jointly drive the further development of innovative automation and robotics solutions."
With Magazino's 130 employees, Jungheinrich is acquiring one of Europe's largest development teams in mobile robotics. This will complement the company's business with automated and autonomous vehicles. In the future, the Munich-based company's software and development expertise will be even more closely integrated into the Hamburg-based company's product development.
