Warehouse robotics provider Exotec® announced that it has sold over $1 billion in systems globally, one of the fastest materials handling companies to reach the milestone.
This achievement illustrates the rapid adoption of Exotec technology since its founding in 2015 as it continually expands its headcount, reinvests into new solutions, and reaches new markets across the world.
Key highlights of Exotec’s journey to $1 billion in systems sold:
- Global Expansion: Expanded its presence into Eastern Europe and South Korea, and also opened a production facility in Croix, France. Reaching over 100 customer sites globally.
- In the US Exotec recently announced Lane Automotive, an automotive parts company, as a customer and Bastian Solutions, a Toyota Advanced Logistics company, is now an integrator of the Exotec technology in the North American market.
- Increased Headcount: Exotec has grown its global headcount 80% over the past year reaching 850+ employees globally. This is in stark contrast to the rest of the material handling industry.
- Reinvesting in R&D: Exotec heavily re-invests in the research and development of new solutions (10% of its annual revenue). In 2024, Exotec plans to recruit close to 100 R&D professionals globally. The company also recently appointed Louis Esquerre-Pourtere (former Bombardier) as the Director of Research and Development (R&D).
