March 23, 2017 / 7:58 AM / 5 months ago

Toyota Industries buys Vanderlande for 1.2 billion euros

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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