Exotec sold 1 billion

Warehouse Robotics Co. surpasses $1B in systems sold

Warehouse robotics provider Exotec® announced that it has sold over $1 billion in systems globally, one of the fastest materials handling companies to reach the milestone. 

This achievement illustrates the rapid adoption of Exotec technology since its founding in 2015 as it continually expands its headcount, reinvests into new solutions, and reaches new markets across the world.

Key highlights of Exotec’s journey to $1 billion in systems sold:

  • Global Expansion: Expanded its presence into Eastern Europe and South Korea, and also opened a production facility in Croix, France. Reaching over 100 customer sites globally.
  • Increased Headcount: Exotec has grown its global headcount 80% over the past year reaching 850+ employees globally. This is in stark contrast to the rest of the material handling industry.
  • Reinvesting in R&D: Exotec heavily re-invests in the research and development of new solutions (10% of its annual revenue). In 2024, Exotec plans to recruit close to 100 R&D professionals globally. The company also recently appointed Louis Esquerre-Pourtere (former Bombardier) as the Director of Research and Development (R&D).

Free Magazine & eNewsletter

Printed Monthly Magazine

Published monthly, Material Handling Wholesaler offers feature columns and special coverage of relevant industry issues and products.

Digital Monthly Magazine

Published on the fourth Thursday of each month, Material Handling Wholesaler offers feature columns and special coverage of relevant industry issues and products.

Material Handing Wholesaler Weekly Newsletter

Our Weekly newsletter is emailed every Tuesday and contains the latest Industry Events and People News, Source Directory, and important Industry Links.

Forklift International Weekly Hot Sheet Newsletter

Published every Monday morning with the latest material handling equipment
available for sale.

Share the Post:

Related Posts

Our Current Issue

Free Magazine & eNewsletter

Our magazine is published and mailed monthly, Material Handling Wholesaler offers feature columns and special coverage of important industry issues. Subscription is FREE to qualified readers.

Weekly Newsletter – Get the latest industry events and people news in this weekly e-newsletter as well as direct access to Wholesaler’s Source Directory and link.

Current Supplements







Discount Forklift joins the LiuGong North America dealer network

LiuGong North America has added Discount Forklift to its expanding dealer network, marking a significant milestone for both companies. With…

Mitsubishi Logisnext Americas appoints Berry Mansfield as President

Today, Mitsubishi Logisnext Americas, one of the world’s leading manufacturers and providers of material handling, automation, and fleet solutions, announced Berry…

New AL325 modular bar light series launched by Advanced Illumination

Powerful, highly flexible, modular lighting for machine vision Advanced Illumination has announced the launch of its AL325 Series Modular Bar Lights.…

Trade Tech strengthens customs expertise and announced key appointment

Trade Tech, Inc., is advancing its Customs capabilities as part of its commitment to supporting freight forwarders and logistics providers…

SUN Automation Group bolsters team after Kolbus America Acquisition

SUN Automation Group® has welcomed key industry talent following execution of the sales agency and distributorship agreement of Kolbus Corrugated…