M&A Deal Summary

Toyota Industries Acquires Bastian Solutions

On February 3, 2017, Toyota Industries acquired machinery company Bastian Solutions for 260M USD

Acquisition Highlights
  • This is Toyota Industries’ 2nd transaction in the Machinery sector.
  • This is Toyota Industries’ 2nd largest (disclosed) transaction.
  • This is Toyota Industries’ 2nd transaction in the United States.
  • This is Toyota Industries’ 1st transaction in Indiana.

M&A Deal Summary
Date 2017-02-03
Target Bastian Solutions
Sector Machinery
Buyer(s) Toyota Industries
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

Bastian Solutions

Indianapolis, Indiana, United States
website
Bastian Solutions LLC is a provider of global material handling systems integrator and expert in e-Commerce fulfillment automation.

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Buyer(S) 1

Buyer

Toyota Industries

Kariya, Japan

website

Category Company
Founded 1926
Sector Manufacturing
Employees71,784
Revenue 2,705.2B JPY (2022)
DESCRIPTION

Toyota Industries is a manufacturer and seller of textile machinery, automobiles, materials handling equipment, etc. as well as logistics business, etc. Toyota Industries was founded in 1926 and is based in Kariya, Japan.

DEAL STATS #
Overall 5 of 6
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 5 of 6
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 Cascade

Fairview, United States

Cascade Corp. is a manufacturer of quality materials handling products for lift trucks.

Buy $760M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 Vanderlande Industries BV

Veghel, Netherlands

Vanderlande is a provider of value-added logistic process automation at airports, and in the parcel market. The company is also a leading supplier of process automation solutions for warehouses. Vanderlande’s baggage handling systems move 3.7 billion pieces of luggage around the world per year, in other words 10.1 million per day. Its systems are active in 600 airports including 13 of the world’s top 20. More than 39 million parcels are sorted by its systems every day, which have been installed for the world’s leading parcel companies. In addition, many of the largest global e-commerce players and distribution firms have confidence in Vanderlande’s efficient and reliable solutions.

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