Jungheinrich, a material handling equipment supplier, completed the acquisition of ITS Forklifts, an intralogistics provider. Financial terms were not disclosed. ”We are delighted to expand our Jungheinrich family in New Zealand with ITS Forklifts after 25 years of successful cooperation. The acquisition allows us to offer our national and international customers as well as our partners an even more extensive product portfolio and the proven Jungheinrich service. We are very much looking forward to welcoming our new colleagues to the team. With their expertise and market knowledge, we will be even more successful together," Lars Brzoska, Jungheinrich CEO.