By MMH Employees ·
Could 24, 2022
Belgium-based stow Robotics, stow Group’s warehouse automation enterprise unit, introduced at present the acquisition of a majority stake in iFollow SAS, a collaborative autonomous cellular robotic firm.
The group launched stow Robotics in September 2021, regrouping all present automated options for pallets and totes and associated providers and groups. By way of this devoted enterprise unit, stow states that it’s constructing a platform of automated options and continues to spend money on applied sciences reminiscent of iFollow’s robotic and software program providing. Paris-based iFollow, based in 2017, provides autonomous cellular robots (AMRs) and a proprietary software program suite, utilized in all kinds of purposes throughout completely different industries. The acquisition of iFollow is backed by funds managed by Blackstone, stow Group’s majority shareholder.
“We’re thrilled to welcome iFollow to stow Robotics and have been impressed by all the iFollow staff,” stated Jos De Vuyst, CEO of stow Group. “That is one other vital milestone for stow Robotics, including an organization that matches completely inside our portfolio of scalable automation options. We actually consider this partnership will unlock important synergies with our Atlas 2D pallet answer, in addition to meaningfully speed up iFollow’s progress by our business community. iFollow shares in our imaginative and prescient for the longer term and gives the right platform for additional AMR-based options.”
Vincent Jacquemart, co-founder and CEO of iFollow, added: “We’re delighted to hitch forces with stow Robotics, a frontrunner in warehouse automation. We firmly consider that is the suitable partnership to start out iFollow’s subsequent section of long-term progress, with a dependable, world companion. Along with its business traction, technology-driven method, and its superior industrial base, we share with stow the identical conviction on the significance of know-how in warehouse automation and the way forward for intralogistics. It’s a really thrilling second for our staff, which is wanting ahead to shaping the trade even additional.”
Could 24, 2022
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