Toyota Industries bought Dutch luggage conveyor belt company Vanderlande for 1.2 billion euros after majority shareholder NPM Capital reached an agreement with the Japanese company, NOS reports.
Vanderlande, based in Veghel in Brabant, builds logistic transport systems for warehouses, distribution centers and transportation centers. It is one of the world leaders in baggage conveyors at airports. The company employs 4,500 people worldwide, including 1,600 in the Netherlands. In 2015 Vanderlande had a turnover of almost one billion euros.