The world's leading manufacturer of mobile AMR floor robots, Geek+, is now launching a huge investment in the Nordic region and has chosen SystemTeknik as their collaborating partner. The warehouse automation solutions from Geek+ have a significantly lower payback period and run-in phase than that of their competitors', and therefore SystemTeknik expects the new business leg to reach a turnover of €~30 million within just three years.

Aalborg, 6 September 2022 - Denmark will be the Nordic link for Geek+, which now wants to enter and secure a share of the rapidly growing market for warehouse- and picking automation solutions. Geek+ is the global market leader in mobile AMR floor robots (Autonomous Mobile Robots) and has chosen the Danish electrical engineering company SystemTeknik in Aalborg as its Nordic front runner for the immense market venture.

SystemTeknik establishes a new business unit, ST Logistics, to handle the task. ST Logistics will be responsible for the sale and implementation of the AMR robots from Geek+ in Denmark, Sweden, Norway, Finland and Iceland. To execute the ambitious plan, ST Logistics has handpicked two great profiles from the international logistics industry, Morten Kirch and Ole Madsen, respectively former sales director and CEO of SSI Schäfer in Northern and Eastern Europe for 12 years.

• The market for AMR solutions is growing rapidly all over the world, with companies such as Amazon and Alibaba investing aggressively in simple and flexible warehouse automation. We experience a similar need in the Nordics, where the growth in e-commerce companies, in particular, creates great potential for warehouse automation solutions. What keeps many companies from investing in the solutions is that they are often expensive, complex and take a very long time to implement. As such, this market is very interesting for Geek+ in the Nordics, says Morten Kirch, who is sales director at ST Logistics.

The AMR solutions from Geek+ have an implementation phase of about two weeks and are typically paid back in under three years. At the same time, they are easy to scale and have a technological edge compared to competing solutions, which helps increase expectations for their future market position in the Nordics.

• We expect a turnover of €~30 million in three years. There is a great deal to be gained by tuning the logistics in a warehouse, and many companies have reached a point where there are no further optimization gains to be made by hiring more people. So, there is a clear need for warehouse automation solutions, and we are coming up with a revolutionary solution that everyone can comprehend, says Ole Madsen.

Geek+ has strong funding and capital behind. American company Intel and other international companies have invested 300 million USD in the development of Geek+ and their AMR robots over the past few years.

For further information, please contact:

Morten Kirch, sales director at ST Logistics, mobile +45 26 13 01 90 / mk@systemteknik.dk

Press contact: Andreas R. Brandsen, mobile +45 28 34 87 00 / anb@systemteknik.dk

Facts about Geek+ AMR solutions

The AMR robots have a typical payback period of one to two years and can be implemented with standard software in just three weeks. They do not require special conditions but can drive on ordinary industrial floors where they can store and pick cardboard and plastic boxes up to eight meters in height. Everything is based on standard software which can easily be integrated with other systems. The solutions can easily be scaled for use in smaller warehouses with 10-12 employees up to the largest warehouses in the Nordics. Not only e-commerce companies have spotted the flexibility in the warehouse that can be achieved with Geek+, but so has logistics companies such as DSV and DHL which have invested in AMR solutions from Geek+.

About ST Logistics

ST Logistics is a new business leg of the electrical engineering company SystemTeknik. Since 1951, SystemTeknik has developed, produced and serviced switchboards and automation systems for companies worldwide and in a wide range of industries. The company employs 80 people in Aalborg Denmark and Stettin in Poland, who will support ST Logistics with local planning, commissioning and service of the AMR solutions from Geek+. In addition, a larger number of employees with logistics expertise are being hired to run the new venture in the Nordics. More information at www.systemtekniklogistics.dk. Also follow at www.linkedin.com/company/systemteknik-logistics-a-s/

About Geek+

Geek+ is a global tech company that is a leader in intelligent logistics. The company's AMR solutions are based on artificial intelligence (AI) and advanced robotics technology that bring flexibility, high efficiency and simple reliable handling to warehouse and logistics management. Over 500 global companies use AMR robots from Geek+, recognized as the world leader in its field. Geek+ was established in 2015 and employs more than 1,500 employees. The company has offices in Germany, UK, USA, Japan, South Korea, China, Hong Kong and Singapore. Find more information at www.geekplus.com

Hvem er SystemTeknik Gruppen?

SystemTeknik Gruppen består af SystemTeknik og STL, som tilsammen beskæftiger mere end 100 medarbejdere som inkluderer nogle af Danmarks mest erfarne specialister inden for logistik, produktion og udvikling af eltavler, med produktion både i Danmark og Polen. STL og Lagerteknikforretningsbenet tilbyder sammen komplette turnkey løsninger til det danske lager- og logistikmarked, som inkluderer alt fra fuldautomatiske løsninger til traditionelt lagerudstyr. Dette inkluderer bl.a. fuldautomatiske Geek+ robotter, lagerautomater, reoler, plastkasser osv.