TICO acquires Bastian, creates logistics solution division
February 5, 2017 by Manufacturing AUTOMATION
Feb. 5, 2017 – Forklift manufacturer Toyota Industries Corp. (TICO) has created a new business division to manage North American activities in the area of logistics solutions.
Toyota Advanced Logistics Solutions (TALS) will be operated separately from the forklift business, except for coordination in strategic areas as appropriate. Mike Romano will lead as president and CEO of TALS, bringing with him 30 years of management experience. He will assume his new role on April 3.
TICO has also announced the acquisition of Bastian Solutions, a systems integrator with locations across North America (including Mississauga, Ont., and Montreal, Que.). Bastian Solutions will be the first group company in the TALS operative structure, until further plans for strategic growth are announced.
“TICO chose Bastian Solutions as its first acquisition in this space because Bastian Solutions is a highly respected, solutions oriented systems integrator, positioned as a trusted advisor to the world’s most demanding customers,” said Romano. “TICO’s current strength in material handling and its long-term strategic vision, combined with Bastian Solutions’ prominence as an innovation leader, will position TALS to address customers’ mission critical needs in ways that are unmatched in the industry.”
“TICO’s values are perfectly aligned with ours and we look forward to a strong partnership,” said Bastian Solutions CEO Bill Bastian II. “We expect this combination will benefit customers and expand our business by leveraging TICO’s financial strength and its status as the global leader in material handling.”
SOURCE Toyota Material Handling North America (TMHNA)