The two companies will develop a new line of Automated Guided Vehicles (AGVs) based on Logisnext's forklift brands Mitsubishi Logisnext Asia Pacific (MLAP) and xSQUARE, a Singapore-based intelligent storage solutions company, have partnered to meet growing demand for intelligent warehouse solutions.

The two companies will collaborate by developing a new line of Automated Guided Vehicles (AGVs) based on Logisnext's forklift brands, and distributing xSQUARE's intelligent storage solutions through MLAP's distribution network in Asia, Oceania and South Africa. This provides companies with solutions to solve labor shortages while increasing warehouse productivity and operational efficiency.

MLAP Director Yasuo Kubota said: “We believe that our partnership with xSQUARE will help us expand product and service offerings in the material handling equipment industry. This partnership also enables us to be a total provider in this field. We are excited to partner with xSQUARE to bring new cutting edge solutions to market, enabling our customers to seamlessly manage high order volumes while achieving their sustainability goals.” Jens Bohnwagner, chief executive of xSQUARE, said: “Our intelligent warehousing solutions are specifically designed to deliver benefits that not only affect industrial companies, but also their customers and the environment. The numerous successful implementations in Singapore involving multinational enterprises and small and medium-sized enterprises in the pharmaceutical industry, furniture manufacturing, chemical logistics, third-party logistics and vertical farming have paved the way for our global expansion.”