Kardex Holding AG

M&A Activity • Aug 10, 2020

News Details

Ad-hoc | 10 August 2020 07:00

Kardex Holding AG: Kardex acquires shares in technology start-up Rocket Solution

Kardex Holding AG / Key word(s): Investment

10-Aug-2020 / 07:00 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 KR

The issuer is solely responsible for the content of this announcement.

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Media release

Zurich, 10 August 2020

Kardex acquires shares in technology start-up Rocket Solution

Kardex invests in the start-up company Rocket Solution GmbH, founded in 2019 and based in Unterhaching near Munich. The company develops innovative, standardized automatic storage and retrieval systems of the latest generation. These systems consist of dynamic storage vehicles (Rocket Shuttles) that operate within the rack and provide bins and trays to be stored at the system interfaces. The innovative technology features open IoT and Web interfaces and can therefore be easily integrated into complete systems.

Kardex CEO Jens Fankhänel underlines: “With the technology of Rocket Solution, Kardex is taking another step towards standardized sub-systems and expanding its portfolio in the strategically important light goods area. By investing in this young, innovative company, we also expect new impulses for Kardex especially for the implementation of our IoT strategy.”

Additional features:

File: Kardex_Media relase_Rocket_2020-08-10

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End of ad hoc announcement

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Language:	English
Company:	Kardex Holding AG
	Thurgauerstrasse 40
	8050 Zürich
	Switzerland
Phone:	+41 (0)44 419 44 79
E-mail:	investor-relations@kardex.com
Internet:	www.kardex.com
ISIN:	CH0100837282
Valor:	100837282
Listed:	Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Munich, Stuttgart; SIX Swiss Exchange
EQS News ID:	1111875

End of Announcement	EQS Group News Service