Jungheinrich

Jungheinrich AG (FRA: JUN3) is a leading global provider of intralogistics solutions headquartered in Hamburg, Germany. The company specializes in material handling equipment, warehousing technology, and material flow engineering. In 2023, Jungheinrich reported annual revenue of EUR 5.5 billion.

Jungheinrich offers a comprehensive range of products and services for intralogistics, including:

• Industrial trucks: Forklifts, pallet trucks, order pickers, and tow tractors

• Automated guided vehicles (AGVs) and autonomous mobile robots (AMRs)

• Racking and warehouse automation systems

• Warehouse management software and fleet management solutions

• Lithium-ion battery technology and energy management systems

• After-sales services and customer support

Jungheinrich has been expanding its presence in the North American market. In January 2023, the company announced the acquisition of Storage Solutions group, a US-based provider of racking and warehouse automation solutions, for approximately USD 375 million. This acquisition is expected to strengthen Jungheinrich's position in the fast-growing US warehousing and automation market. Additionally, in June 2023, Jungheinrich and Mitsubishi Logisnext Americas announced plans to launch Rocrich AGV Solutions, a joint venture offering mobile automation solutions for warehouses and production facilities in North America.