AutoStore to acquire Dutch warehouse and horticulture automation firm Logiqs for up to €30 million
AutoStore, the Norwegian intelligent fulfilment company, has agreed to acquire Logiqs, a Maasdijk-based Dutch provider of roaming pallet Automated Storage and Retrieval Systems (AS/RS), for up to €30 million. AutoStore will pay from existing cash reserves and does not expect the deal to materially affect its financial results. The transaction is expected to close in Q4 2026, subject to customary closing conditions. Until then, the two companies will operate separately.
Logiqs develops roaming robots that store and retrieve palletised goods. Its warehouse technology is used at about 30 customer sites across several geographies and end markets, where it helps improve storage density, throughput and operational efficiency. The company also offers greenhouse automation and vertical farming systems. Its 60 employees bring automation, software and product capabilities. Logiqs says its current offering, including the horticultural systems, will continue to be sold and supported, and it will carry on with ongoing projects and support for existing systems.
AutoStore, founded in 1995, builds robotics and software to automate order fulfilment around its cube-based automation platform. It has more than 1,350 customers in 68 countries and about 2,050 systems worldwide. CEO Mats Hovland Vikse said Logiqs adds a core technology that will over time bring roaming pallet AS/RS capabilities to the AutoStore platform, letting it address a broader set of needs for new and existing customers. Chief Product Officer Parth Joshi called pallet automation an exciting new product and technology area for the company.
The deal was announced alongside AutoStore's third-quarter 2026 results, released on Thursday. Revenue rose 38% year over year and order intake rose 17%. The company raised its full-year revenue guidance to about $750 million, up from roughly $700 million at the Q2 stage.
Logiqs CEO Reyer van der Louw described the deal as a chance to accelerate the company's technology with AutoStore and pointed to cultural similarities between the two firms.