Cimcorp Acquires RMT Robotics

Finland’s Cimcorp Oy, a supplier of automated material handling and picking solutions, has acquired RMT Robotics, a Canada-based manufacturer and integrator of robotic material handling systems.The newly formed group will offer case picking, 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 Oy, retaining existing management and staff. Pickard, who has acquired a 20% interest in Cimcorp Oy, will continue to serve as president of RMT Robotics and joins Cimcorp's board of directors.