Lukas Zanger is a co-founder of Magazino, founded in Munich in 2014. Frederik Brantner became chief executive and Zanger chief operating officer. Nikolas Engelhard, the third co-founder, left in 2020.
The company's product is TORU, a tall, narrow mobile robot that stores and retrieves cartons from normal shelves. Hardware development was slow and costly. Backers included the High-Tech Gründerfonds, Siemens, Zalando and, from 2017, the logistics group FIEGE.
Jungheinrich took a stake in 2020, raised it to 21.7% in 2022 and bought all remaining shares in August 2023. The price was not disclosed.
Zanger and Brantner stayed on after the takeover. Magazino now belongs to Jungheinrich and has about 130 employees.