Mergers and Acquisitions

Mi-Jack Products Acquires German Company Yardeye GmbH

Mi-Jack Products, which specializes in rubber-tired gantry cranes, container handling machinery and technology for port and intermodal facilities, has announced it has acquired Yardeye GmbH, a Germany-based automation, collision avoidance and work zone protection provider for the port and rail container industries.

Mi-Jack said Yardeye’s RFID and GNSS-based equipment, personnel Real Time Locating System (RTLS) and Collision Avoidance System (CAS) fit seamlessly into Mi-Jack’s Mi-Star technology platform, which provides everything from differential GPS automated steering and GPS inventory management to virtualized operations view and centralized fleet management. 

“By bringing these two similar but unique technology platforms together, the port and intermodal industries will now have an end-to-end automation solution with superior redundancy, led by a company [Mi-Jack] that’s been rooted in the container handling business for over 65 years,” said Aaron Newton, vice president of sales for Mi-Jack.

Innovations And Efficiencies

Simon Fiera, vice president of technology at Mi-Jack, agreed, saying, “We see Yardeye as a key component of integrating into an agnostic crane manufacturing base for the purposes of automation and work zone protection. We look forward to the innovations and efficiencies that will come from combining the skillsets and experiences of both the European and North American technology teams.”

With this expanded footprint, Mi-Jack brings its support and service to Yardeye customers in North America and will provide Mi-Star technology solutions to ports and terminals across Europe. Mi-Jack provides 24/7/365 service and parts support and has a vast network of highly trained technicians and solutions experts that service customers both in-person and virtually, the company said.

“We are very proud to join the Mi-Jack group,” said Stephan Trauth, managing director of Yardeye. “The know-how of both companies will generate more advanced capabilities and synergies. Together, we will provide an automation portfolio that sets new standards in the rail container industry. The network from Mi-Jack in the North American market and especially their competence will add more value and innovative ideas for our customers. We look forward to this new chapter.”

Christian Augustin, founder of Yardeye and managing director of parent company indurad GmbH, said, “The team has been growing Yardeye since 2017 from a concept to a company with a global impact serving the intermodal and container handling industry. We are very proud with what we have achieved, and we believe that together with Mi-Jack, Yardeye will continue its success story, for our customers as well as our employees. indurad and I will continue to focus our activities on radar technology for bulk material handling.”