Jungheinrich acquires majority stake in ISI Automation
Jungheinrich AG is to acquire ISI Automation GmbH & Co. KG.
Hamburg’s Jungheinrich AG is to acquire ISI Automation GmbH & Co. KG of Lemgo, East Westphalia. The move will see the turnkey automation solution specialist become part of Jungheinrich, one of the world’s leading providers of intralogistics solutions. The company’s ISIPlus® and ISIPro® products will expand the Group’s portfolio in the area between ERP and the shop floor.
Dr Rosenbach, Member of the Board of Management Logistics Systems at Jungheinrich, explains, “We plan to strengthen ISI Automation and its plants in Lemgo and Extertal, and we have set ourselves the clear objective of further expanding the business with all existing and future customers in this important field of digitalisation.”
The current managing directors of ISI Automation, Frank Marek and Volker Sasse, will continue to lead the company under the new Jungheinrich majority ownership, thereby ensuring continuity. Marek explains, “In a market that offers opportunities to compete on the international stage, this investment represents an important step in the strategic development of ISI Automation here in East Westphalia-Lippe.”