Retrotech acquired by Savoye

Retrotech, a leading engineering services firm specializing in warehouse automation, was acquired in its entirety by a subsidiary of Groupe Legris, a $500 million diversified industrial company.

By ·

Retrotech has been acquired by French firm Savoye.  Retrotech, a leading engineering services firm specializing in warehouse automation was acquired in its entirety by a subsidiary of Groupe Legris, a $500 million diversified industrial company.  The DAK Group served as exclusive investment banker and financial advisor to the privately held Retrotech initiating the transaction and managing the divestiture process.

Retrotech, founded in 1985 outside Rochester, NY, is considered a pioneer in the modernization of existing warehouse handling systems and in the design, integration and installation of new projects.  Known for its strong representation in large scale distribution centers in the United States, particularly in the personal products, food & beverage and technologies industries, Retrotech’s customized solutions are in high demand to accommodate increasingly large numbers of SKUs, shortened delivery times, and objectives to reduce cost and human error while improving safety. Automated systems engineered by Retrotech enable more efficient use of existing warehouse space, and have been shown to reduce labor costs by up to 60 percent.

The acquisition marks a significant step in the global expansion strategy of Savoye, based in Rennes, France. Savoye, the European leader in the design and integration of equipment, systems, and software for warehouses and logistic centers, will now offer enhanced global engineering solutions, in addition to gaining an established footprint in North America. “Retrotech has earned a solid reputation for first rate engineering services and support that we can now offer to our North American customers,” says Jack LeVan, President of Savoye. “We look forward to building upon the Retrotech name and high level of service they provide.”


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Automation · · All Topics
Latest Whitepaper
The Five Point Tune-Up for Your Warehouse
Ready to make your warehouse smarter, stronger - and more profitable in every way?
Download Today!
From the August 2016 Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
5 Emerging Technologies Enabling Competitive Advantage for Distribution
Come hear about the latest in each-picking robotics, co-bots, artificial intelligence, autonomous vehicles, sensors, drones and droids that are enabling competitive advantage for distribution.
Register Today!
EDITORS' PICKS
The data-driven lift truck
Now that manufacturers and distributors are using the data from their automated systems to drive...
Destination Maternity: Destination Automation
Running short of space in its old facility, Destination Maternity Corp. built a new, highly...

Hibbett Sports: Faster, Flexible and Efficient
A high-speed conveyor and sortation system at Hibbett Sports’ Alabama distribution center speeds...
Necessity is the mother of invention at Quiet Logistics
Faced with the loss of a robotic pick solution, Quiet Logistics invented its own robots. Are they...