Cimcorp acquires North American RMT Robotics

New entity becomes a global leader in integrated robotic gantry systems for tire, warehouse and distribution markets.
By Modern Materials Handling Staff
July 29, 2010 - MMH Editorial

Finland-based Cimcorp, a leading supplier of automated material handling and picking solutions, has acquired RMT Robotics, a Canada-based manufacturer and integrator of innovative robotic material handling systems.

The newly formed group offers world-class case picking and advanced order fulfillment solutions, robotic gantry technology and related software and controls as well as a line of fully autonomous, mobile AGVs.

“The merger will better serve our customers around the world in the tire industry as well as in the warehousing, distribution, food and beverage markets, which are the focus areas of the combined group’s business activities,” said Markku Vesa, managing director and president, Cimcorp. “Both Cimcorp and RMT Robotics remain dedicated to providing best-of-breed integrated solutions and will continue to support current product lines, warranties and service contracts.”

“We are delighted with this agreement, which offers our customers significant international presence and provides excellent competitive tools for sustainable long-term growth,” said Doug Pickard, founder and president of RMT Robotics. “The joint entity expands our resource pool of engineering talent, increases our solutions offering and extends our market reach in Europe, Asia and North and South America.”

RMT Robotics, located in the greater Toronto area, will continue trading under its current name as a subsidiary of Cimcorp, retaining existing management and staff. Pickard, who has acquired a 20% interest in Cimcorp, will continue to serve as president of RMT Robotics and joins Cimcorp’s board of directors.

The estimated proforma revenue of the group for this year is approximately EUR 50 million (CAD 70 million) as per the date of the closing. The combined total number of employees is over 200, with the majority working in design, development and systems as well as project engineering. The Canadian personnel represent 25% of the total figure.



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!

Recent Entries

IBM and Ohio State have formed a unique partnership to train students on supply chain management software. It's a model that other businesses and universities should emulate.

Located in the city of Jundiai, in the state of São Paulo, the plant has been configured for the assembly of selected automatic data capture product lines.

Gor the first half of 2014, NRF said that retail sales were up just 2.9 percent compared to the first six months of 2013, with sales through the end of the year expected to be up 3.9 percent annually.

Quarterly Material Handling Equipment Manufacturing Forecast (MHEM) indicates growth on horizon for industry.

Xtreme RFID manufactures rugged RFID tags that fully encapsulate RFID inlays in a one piece plastic housing to protect it from chemicals, water, impact, temperatures, and other unforgiving elements.

Article Topics

· Warehouses · Distribution · Business · RMT Robotics · Cimcorp · All topics

About the Author

Bob Heaney is a seasoned professional with over 25 years of distinguished leadership experience in research, analysis, and advisory roles in Supply Chain Engineering. Heaney’s coverage area within Aberdeen includes various elements of Supply Chain Execution (Transportation Management, Warehouse Management, Distributed Order Management and Supply Chain Visibility). Contact Bob Heaney

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA