March 23, 2017 / 7:58 AM / 4 months ago

Toyota Industries buys Vanderlande for 1.2 billion euros

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The logo of Toyota is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 6, 2017.Arnd Wiegmann

AMSTERDAM (Reuters) - Japan's Toyota Industries Corp (6201.T) said on Thursday it had agreed to buy privately-held Vanderlande Industries of the Netherlands, a maker of package and baggage handling equipment and software, for about 1.2 billion euros ($1.3 billion).

Toyota said the acquisition would strengthen its materials handling business.

Reporting by Toby Sterling; editing by David Clarke

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