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Charlotte Stonestreet
Managing Editor |
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Renovotec plans multiple acquisitions
26 October 2022
LEADING SUPPLY chain hardware, software and services company, Renovotec, is planning a series of company acquisitions to drive its growth in Benelux, DACH (Germany, Austria and Switzerland), the Baltics and Eastern Europe. Acquisition targets include data capture, wireless and industrial printer specialists.
Renovotec forecasts that its turnover will reach 110 million Euro by 2024/25, increasing from 70 million Euro this year.
Renovotec was 75%-acquired by Stockholm-headquartered investment company Röko in March 2021. At the time Renovotec MD (now CEO) Richard Gilliard observed that: “The relationship with Röko will give us greater financial firepower, enabling Renovotec to grow more rapidly through acquisition and diversification.”
Now, according to Gilliard, “Renovotec will soon have a presence in every major European region, across all our target markets. We are building a strong foundation for continued growth.”
- Next-generation networking for warehousing & logistics
- Cut & dried case for voice picking
- e-commerce warehouse system
- Renovotec launches warehouse robotics division
- POS & ordering devices
- Röko acquires 75% of Renovotec
- Renovotec & Custom agree UK distribution deal
- Discounted rental scheme
- Free maintenance
- Hardware supply continuity maintained
