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Kivnon Logística final month entered chapter as the corporate makes an attempt to restructure and reformulate the Spanish supplier of automated guided automobiles, or AGVs. The Robotic Report reached out to the corporate for extra particulars on the information.
When requested about the reason for the chapter, an organization spokesperson stated, “The AGV market has skilled notable shifts lately, significantly influenced by challenges within the automotive sector, one of many largest adopters of cellular robotics. This has created a ripple impact, slowing progress in some areas.”
“Nonetheless, different industries, akin to logistics and e-commerce, proceed to drive demand as they search for environment friendly automation options to satisfy rising operational pressures,” stated the Kivnon consultant.
Based on The AGV Community, the corporate’s monetary statements confirmed belongings of €25 million ($26.4 million U.S.) towards liabilities of €20 million ($21.1 million) , with €15 million ($15.8 million) owed to monetary establishments.
Kivnon’s headquarters and manufacturing services are in Barberà del Vallès, close to Barcelona. Regardless of producing €19 million ($20 million) in income in 2023, the firm reported pre-tax losses of €800,000 ($845,000).
Kivnon to proceed help
Kivnon stated it has put in over 6,000 robots worldwide since its founding in 2007, and its portfolio consists of 10 completely different fashions of AGVs. The automobiles are sometimes deployed in materials dealing with and logistics functions in manufacturing and warehouses.
The firm stated it plans to proceed help for its put in base.
“Our precedence is to make sure continuity for our prospects,” stated the spokesperson. “The purpose is that their manufacturing processes stay unaffected, they usually can proceed their operations seamlessly, no matter any organizational modifications. This dedication will lengthen with the following firm to take the lead.”
The longer term continues to be undetermined for Kivnon. Nonetheless, in accordance with the spokesperson, “there’s a binding provide in place, however a window is now open for different firms to submit new proposals.”