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Swisslog sells Finnish subsidiary Swisslog Robotics

Dec 08, 2003 Cimcorp Headquarter

The Swisslog logistics group is handing over its Finnish subsidiary Swisslog Robotics to its operating management. The sale of Swisslog Robotics (previously Cimcorp Oy) with branches in Ulvila and Vantaa is a further step in Swisslog’s divestment program. Swisslog acquired Cimcorp Oy, a specialist in the field of robotics technology, in 1996. In 2002, Cimcorp changed its name to Swisslog Robotics.

The company, which is specialized in the development and implementation of logistics solutions based on robotic technology, has at present about 200 employees, and achieved an annual turnover of 30 million euros in 2002. Kari Ollila, President of Swisslog Robotics, and his four colleagues of the management board have decided for a management buyout, supported by a group of investors. After the buyout the firm will resume its former name Cimcorp Oy and will focus on the further development of efficient robotic and picking solutions for warehouses and distribution centers.

Selling off the subsidiary is part of Swisslog’s focusing and divestment program.