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Toyota Industries buys Vanderlande for 1.2 billion euros

AMSTERDAM (Reuters) - Japan's Toyota Industries Corp said on Thursday it had agreed to buy privately-held Vanderlande Industries of the Netherlands, a maker of package and baggage handling equipment and software, for about 1.2 billion euros (1.04 billion pounds).

Toyota said the acquisition would strengthen its materials handling business.

(Reporting by Toby Sterling; editing by David Clarke)