March 23, 2017 / 7:58 AM / 8 months ago

Toyota Industries buys Vanderlande for 1.2 billion euros

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).

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

Toyota said the acquisition would strengthen its materials handling business.

Reporting by Toby Sterling; editing by David Clarke

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