Accelerate global expansion and R&D investment

DSBC176K01 “Reaching the $1 billion milestone in a system sold worldwide shows that our approach to warehouse automation is differentiated and resonates strongly with our customers,” said Romain Moulin, CEO and co-founder of Exotec. “We are reshaping an industry that has historically relied on traditional automation, which is static to business fluctuations, difficult to maintain, and costly to integrate. Our continued growth proves that flexibility and reliable performance are essential for supply chain leaders anywhere.”

“Exotec has proven its ability to execute large-scale projects and deliver exceptional value to its customers. This has allowed the company to expand its footprint, deepen relationships with large customers, and DSBC176K01 increase revenue. We believe the company is well positioned for future growth given the ongoing need to bring technology and automation to the global warehousing industry.” “Said Christian Resch, growth equity partner at Goldman Sachs Asset Management.

According to Exotec, the key highlights of reaching $1 billion in sales are:

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Global expansion: Exotec recently expanded its operations to new markets including Eastern Europe and South Korea, and opened a production facility in Croix, France, to support the continued development of its product roadmap. Exotec has recorded record growth in key regions such as Asia Pacific, Europe and North America, with more than 100 customer sites worldwide.

DSBC176K01 Exotec has mentioned that as one of the fastest growing markets in the world, the Asia-Pacific region (APAC) has been receiving special attention during its global expansion. In August 2023, the company announced a partnership with engineering and IT services provider POSCO DX Co. Cooperation into the South Korean region. Exotec says South Korea is the second Asian country after Japan to adopt its system, and it represents a strategic market for the company.

In Japan, Exotec continued record growth, including the delivery of its Skypod robots to Alps Logistics, an integrated logistics provider, and acca International, a fulfillment services provider. In June 2023, the company also opened a demonstration center in Tokyo.

Increased headcount: To help support a growing customer base worldwide, Exotec has increased its global headcount by 80% over the past year to 850 people. This is in stark contrast to the contraction of other DSBC176K01 material handling enterprises in 2023.

R&d reinvestment: Exotec reinvests heavily in the research and development of new solutions (10% of its annual revenue) in order to remain competitive with new innovations that address customers’ most pressing pain points. By 2024, Exotec plans to recruit nearly 100 research and development staff worldwide.

From the perspective of Exotec’s various plans, the $1 billion revenue is only a breakthrough in its business node, and the next step is to further accelerate the global market expansion and increase the scale of Exotec.