Leading supply chain hardware, software and services company Renovotec is planning a series of company acquisitions to drive its growth in Benelux, DACH (Germany, Austria and Switzerland), the Baltics and Eastern Europe, Renovotec announced today. Its corporate acquisition targets, a number of which are already under consideration include data capture, wireless and industrial printer specialists.
Renovotec forecasts that its turnover will reach 110 million Euro by 2024/25, increasing from 70 million Euro this year.
Renovotec Ltd was 75%-acquired by Stockholm-headquartered investment company Röko in March 2021. At the time Renovotec MD (now CEO) Richard Gilliard observed that “The relationship with Röko will give us greater financial firepower, enabling Renovotec to grow more rapidly through acquisition and diversification.” Now, according to Gilliard, “Renovotec will soon have a presence in every major European region, across all our target markets. We are building a strong foundation for continued growth.”
Renovotec is the UK’s fastest growing provider of rugged hardware software and services for supply chain users. The company’s approach to rugged hardware purchase and rental is customer-driven and manufacturer-independent. Renovotec’s rugged-hardware-as-a-service (r-HaaS) combines ongoing user support with zero capital outlay, allowing companies to scale their hardware flexibly, and with confidence.
Renovotec is an expert in field mobility service technology running on rugged mobile devices, and is the UK’s leading exponent of automatic data capture (AIDC) on rugged and mobile hardware using voice, scanning and RFID technology.
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