Wincanton has agreed to buy warehouse software and automation firm Invar Group in a move the logistics company said “catapults” it forwards as a leader of robotics solutions.
Founded in 2005, Invar specialises in the integration of automated warehouse solutions powered by its Invar Warehousing Software.
Wincanton said it had collaborated with Invar on warehouse projects in recent years and the Invar team would continue to run the firm as a stand-alone business within the group.
It added that the acquisition represented “a key milestone” in its plan to create sustainable supply chain value, enabling it to deliver more robotics and automation projects for customers.
James Wroath, Wincanton’s chief executive, said: “This capability enhancing acquisition catapults us on our journey to become a leading integrator of automation and robotics solutions for supply chains.
“The Invar team is a great cultural fit, with a pedigree in developing and integrating best-in-class solutions.”
Invar MD Craig Whitehouse added: “From the considerable interest shown in our business, we selected a partner that clearly offered the best long-term future for Invar and its people.”
Earlier this week, Ceva Logistics announced it had pulled out of a bidding race for Wincanton after GXO stepped in and put in an offer of £960m for the business.
