Acquisitions · Logistics automation
Toyota Industries buys Indianapolis logistics firm Bastian Solutions for $260 million
- Buyer
- Toyota Industries (Kariya, Aichi)
- Target
- Bastian Solutions, Indianapolis, Indiana
- Value
- $260M (about ¥29B)
- Status
- Completed in April 2017.
- Date
- 2017-02-03
Toyota Industries bought Bastian Solutions, an Indianapolis company that designs and installs automated warehouse and material-handling systems, for $260 million. Bastian later became the base of Toyota Advanced Logistics Solutions.
Why it matters
The deal moves Toyota Industries, best known for forklifts, from selling single machines toward complete warehouse automation systems in North America.
Sources
Kakehashi M&A News home
