Siemens invests in Munich start-up Magazino
14 Jul 2015 | 01:25 pm |
International law firm Pinsent Masons advised the Munich start-up company Magazino in its future cooperation with Siemens as well as in Siemens' investment in Magazino by acquiring shares held by High-Tech-Gründerfonds and two other business angels.
Magazino was founded at TU Munich by Frederik Brantner, Lukas Zanger and Nikolas Engelhard. The three entrepreneurs will continue to hold 50.1% of the shares in Magazino and act as managing directors. Siemens acquired an interest of 49.9 %.
Magazino develops perceptual logistical systems, such as the mobile shelf robot "Toru". Toru sustainably will change picking in the e-commerce sector. It is a mobile robot which automatically drives to the shelf which stores the product and picks a single product from it. Apart from pharmacies, mail-order companies are part of Magazino's customer base.
Siemens Innovative Ventures identifies and finances young companies worldwide during their start-up phase and provides established companies with additional capital for their growth plans during the expansion phase. Through portfolio companies, Siemens Innovative Ventures offers new technological solutions and taps new markets. Siemens Innovative Ventures focuses on growth segments in the energy, industry, infrastructure and healthcare markets.
Latest press releases
Show me all press releasesGlobal study from Pinsent Masons finds CCS remains dominant, but low-carbon investors looking to diversify
New research from multinational law firm Pinsent Masons shows carbon capture and storage (CCS) remains a global priority for low-carbon players, with 90% of respondents having already invested in or developed a CCS project and 78% planning to do so again in the year ahead.
Pinsent Masons continues to strengthen its Energy practice with the appointment of Lucía González as M&A Energy Partner
Pinsent Masons continues to enhance its Energy practice in Spain with the appointment of Lucía González as an M&A Energy Partner, further strengthening the Madrid-based team led by Hermenegildo Altozano.
Pinsent Masons advises Clarios on the acquisition of three Ecobat plants in Germany and Austria
Multinational law firm Pinsent Masons has advised Clarios, a global leader in energy storage solutions, on a strategic agreement with Ecobat to acquire three industrial assets.
People who viewed this press release also viewed
Show me all press releasesGlobal study from Pinsent Masons finds CCS remains dominant, but low-carbon investors looking to diversify
New research from multinational law firm Pinsent Masons shows carbon capture and storage (CCS) remains a global priority for low-carbon players, with 90% of respondents having already invested in or developed a CCS project and 78% planning to do so again in the year ahead.
Pinsent Masons continues to strengthen its Energy practice with the appointment of Lucía González as M&A Energy Partner
Pinsent Masons continues to enhance its Energy practice in Spain with the appointment of Lucía González as an M&A Energy Partner, further strengthening the Madrid-based team led by Hermenegildo Altozano.
Pinsent Masons advises Clarios on the acquisition of three Ecobat plants in Germany and Austria
Multinational law firm Pinsent Masons has advised Clarios, a global leader in energy storage solutions, on a strategic agreement with Ecobat to acquire three industrial assets.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]