18.05.2020 – Kardex AG

Kardex acquires majority share in Robomotive

Kardex AG / Key word(s): Investment
Kardex acquires majority share in Robomotive

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.

Edwin van der Geest, Investor Relations
Tel. +41 44 419 44 79 / Mobile +41 79 330 55 22

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.


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