The ideal partner for individual storage and materials handling solutions

Kardex acquires majority share in Robomotive

Kardex AG / Key word(s): Investment 18-May-2020 / 06:30 CET/CEST Release of an ad hoc announcement



Kardex AG / Key word(s): Investment

18-May-2020 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Media Information

Zurich, 18 May 2020

Kardex acquires majority share in Robomotive

Kardex has acquired the majority share in the Dutch company Robomotive. Founded in 2011, the company develops and implements smart robot technologies. Robomotive's unique selling point is mimicking the adaptive eye-hand coordination of humans with the help of robots, 3D cameras, grippers, and smart software algorithms. This combination of soft- and hardware makes it possible to recognize, locate, and grip objects without the need for teach-in processes.

With this investment, Kardex is expanding its range of services in the field of order picking. Kardex CEO Jens Fankhänel says: "With Robomotive's technology, we are addressing an important strategic future topic in intralogistics. Automatic order picking in full-case but also in item picking will play an increasingly important role in distribution and production logistics. Together with Robomotive we can add fully integrated, automated picking solutions to our portfolio."

With its standardized products "Pickmate" for palletizing and depalletizing mixed cases and "ItemPicker" for the individual access to small articles from a random group, Robomotive has already successfully implemented numerous applications in the logistics sector.

Michael Vermeer, founder and CEO of Robomotive, is very enthusiastic: "With Kardex we have gained a strategic partner who is at home in the logistics environment. Kardex's products and Robomotive's technology complement each other perfectly for solutions for the fully automated picking of articles. Our applications will thus gain a worldwide sales and service network. I am also particularly pleased that Robomotive can maintain its entrepreneurial approach and innovative strength."

Robomotive currently employes 9 FTE. The parties have agreed not to disclose further details.


Contact
Edwin van der Geest, Investor Relations
Tel. +41 44 419 44 79 / Mobile +41 79 330 55 22
investor-relations@kardex.com
www.kardex.com

 

Kardex - Corporate Profile

Kardex is a global industry partner for intra-logistic solutions and a leading supplier of automated storage solutions and material handling systems. The Group consists of two entrepreneurially managed divisions, Kardex Remstar and Kardex Mlog. Kardex Remstar develops, produces and maintains dynamic storage and retrieval systems and Kardex Mlog offers integrated materials handling systems and automated high-bay warehouses. The two divisions are partners for their customers over the entire lifecycle of a product or solution. This begins with an assessment of customer requirements and continues via the planning, realization and implementation of customer-specific systems through to ensuring a high level of availability and low lifecycle costs by means of customer-oriented lifecycle management. Around 1 900 employees in over 30 countries work for Kardex.


Disclaimer

This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations and business and certain of our strategic plans and objectives. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors which are beyond Kardex's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors detailed in Kardex's past and future filings and reports and in past and future filings, press releases, reports and other information posted on Kardex companies' websites. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Kardex disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.


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Additional features:


Document: https://eqs-cockpit.com/c/fncls.ssp?u=BAUBKJQAXY
Document title: Kardex_Media information_Robomotive_200518

End of ad hoc announcement
Language:English
Company:Kardex AG
Thurgauerstrasse 40
8050 Zürich
Switzerland
Phone:+41 (0)44 419 44 79
E-mail:investor-relations@kardex.com
Internet:www.kardex.com
ISIN:CH0100837282
Valor:100837282
Listed:Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Munich, Stuttgart; SIX Swiss Exchange
EQS News ID:1046137


 
End of AnnouncementEQS Group News Service

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