Exotec reaches $1 billion in systems sold
Exotec, a warehouse robotics provider, says 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 the Exotec technology since its founding in 2015 as it continually expands its headcount, reinvests into new solutions and reaches new markets across the world.
Romain Moulin, CEO and co-founder at Exotec, says: “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.”
Christian Resch, partner in growth equity at Goldman Sachs Asset Management, says: “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.”
Leading brands like Gap Inc., Decathlon, and UNIQLO trust and invest in Exotec’s signature Skypod® system to help weather challenging business fluctuations.
Recently, the business has expanded its presence into entirely new markets including Eastern Europe and South Korea, and also opened a production facility in Croix, France, which supports the continuous development of its product roadmap.
Reaching over 100 customer sites globally, the company has experienced record business growth across key regions like APAC, Europe, and North America.
To help support its growing customer base across the world, Exotec has grown its global headcount 80 percent over the past year, reaching 850+ employees globally. This is in stark contrast to the rest of the material handling industry which contracted in 2023.
Exotec says it heavily re-invests in the research and development of new solutions (10 percent of its annual revenue), in order 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 research and development (R&D) professionals globally.