- CEO
- Lars Brzoska
- Full Time Employees
- 20,922
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Friedrich-Ebert-Damm 129 Hamburg Germany 22047
- IPO Date
- Aug 9, 2023
- Business
- Jungheinrich AG, founded in 1953 and headquartered in Hamburg, Germany, ranks among the world's leading intralogistics providers, developing, producing, selling, renting and servicing material handling equipment, automated guided vehicles, warehousing systems and related financial services worldwide; core products encompass electric and hand pallet trucks, pallet stackers, order pickers, reach trucks, very narrow aisle trucks, counterbalanced forklift trucks powered by electric, diesel or gas/LPG engines, tow tractors, trailers, shuttles, stacker cranes, conveyor technology, lithium-ion and lead-acid batteries, charging systems, powertrain solutions, controllers and electromechanical components; services include maintenance, repair, spare parts supply, driver training, leasing, sales financing, used equipment reconditioning and warehouse management systems with varying automation levels, spanning manual to fully automated solutions; operations extend across Europe with production in Germany, supplemented by global presence in North America, Asia-Pacific and other regions through 11 plants and over 40 sales and service subsidiaries. The company operates in intralogistics and financial services segments, targeting industries such as third-party logistics, e-commerce, retail, food and beverage, and manufacturing, with approximately 20,900 employees generating robust annual revenues. Recent strategic developments include the launch of Strategy 2030+ in May 2025 targeting 10 billion euros in revenue and 10% EBIT ROS by 2030 through organic growth, M&A adding over 1 billion euros in non-European revenue, global expansion in North America and Asia-Pacific, warehouse automation acceleration outperforming 8% market CAGR, and productivity enhancements via the DEEP program; key initiatives feature the AntON by Jungheinrich mid-tech industrial truck brand via partnership with EP Equipment, a May 2025 €5 million commitment to Merantix Capital's AI fund for robotics and logistics startups, the 2023 acquisition of U.S.-based Storage Solutions Group for USD 375 million to bolster warehouse automation in North America, prior buys of arculus and Magazino for software and robotics, and the July 2025 sale of its Russian subsidiary amid geopolitical adjustments.