AutoStore to Acquire Dutch Automation Firm Logiqs for €30 Million

AutoStore has agreed to acquire Logiqs, a Dutch company that builds automation systems for warehouses and horticulture operations, in a deal valued at up to €30 million, according to a report from EU-Startups carried on Google News.

What Does Logiqs Do?

Logiqs is described in the EU-Startups report as a Dutch firm that builds automation technology for two distinct applications: warehouse logistics and horticulture. The report does not break out how much of Logiqs' business comes from each segment, nor does it disclose employee count, annual revenue, or founding year. Those figures were not available in the source material reviewed for this report.

How Much Is AutoStore Paying?

The only confirmed financial figure in the reporting is the deal cap: up to €30 million. EU-Startups did not publish a lower bound, a fixed purchase price, or a breakdown between cash and other consideration. The phrase "up to" typically signals an earnout or milestone structure in acquisition agreements, but the source material does not specify which milestones, if any, apply here.

What Terms Remain Undisclosed?

No closing date, regulatory approval timeline, or post-acquisition leadership plan appears in the available reporting. It is also not stated whether Logiqs will operate as a standalone unit inside AutoStore or be folded into an existing product line. Readers should treat the €30 million figure as a ceiling rather than a confirmed final price until the companies or their financial disclosures specify otherwise.

Timeline of the Deal

• Announcement: The acquisition agreement became public via EU-Startups' report, picked up by Google News.
• Deal value disclosed: Up to €30 million, per that report.
• Closing: Not specified in available source material.

What to Watch

• Whether AutoStore or Logiqs issues a formal press release or regulatory filing with a fixed purchase price.
• Any statement on whether Logiqs' horticulture-automation line continues under its current branding.
• Confirmation of a closing date or required regulatory clearances in the Netherlands or elsewhere in the EU.
• Follow-on reporting detailing Logiqs' revenue or customer base, which was not included in the initial report.

Why This Deal Is Hard to Size Right Now

Unlike many acquisition announcements that pair a valuation with a revenue multiple or customer count, this report surfaces a single hard number. That makes it difficult to judge whether €30 million represents a premium or a discount relative to sector norms, since no comparable Logiqs financial metric — revenue, EBITDA, or installed-base size — has been published. Companies covering automation and robotics mergers routinely note that European mid-market automation deals in this size range often close within a fiscal quarter of announcement, though no such timeline has been confirmed for this transaction specifically.

HTT News will update this report if AutoStore, Logiqs, or EU-Startups publishes additional deal terms.