Global warehouse robotics provider Exotec announced that it has sold over $1 billion in systems worldwide, making it one of the fastest materials handling companies to reach this milestone.
Leading brands such as Gap, Decathlon, and UNIQLO trust and invest in Exotec’s Skypod system to help handle challenging business fluctuations.
These are some of the key highlights of Exotec’s journey to $1 billion in systems sold:
1.) Global Expansion – Exotec recently expanded its presence into entirely new markets including Eastern Europe and South Korea. And the company also opened a production facility in Croix, France, supporting the continuous development of its product roadmap. Reaching more than 100 customer sites globally, the company has experienced record business growth across key regions like APAC, Europe, and North America.
2.) Increased Headcount – To help support the growing customer base across the world, Exotec grew its global headcount 80% over the past year and reached 850+ employees globally.
3.) Reinvesting in R&D – Exotec substantially reinvests in R&D of new solutions (10% of its annual revenue) to maintain a competitive pipeline of new innovations that address its customers’ most pressing pain points. In 2024, Exotec plans to recruit close to 100 R&D professionals globally.
KEY QUOTES:
“Reaching the milestone of $1 billion in systems sold globally shows that our approach to warehouse automation is differentiated and strongly resonates with our customers. We are reinventing an industry that has historically relied on legacy automation that is static to business fluctuations, hard to maintain and expensive to integrate. Our continued growth is proof that flexibility and reliable performance are paramount for supply chain leaders everywhere.”
– Romain Moulin, CEO and Co-Founder at Exotec
“Exotec has proven its ability to execute large-scale projects and deliver remarkable value to clients. This has enabled the company to expand its footprint, deepen its relationship with large clients and grow revenues. We believe the company is well positioned for future growth given the ongoing need to bring technology and automation to the global warehouse industry.”
– Christian Resch, partner in Growth Equity at Goldman Sachs Asset Management
