Major Projects in Grocery, Retail, Healthcare and eCommerce Sectors Fuel Growth and Expansion at KNAPP
Summary
Fueled by major projects in grocery, retail, healthcare and eCommerce sectors, the $7M initial investment is the first step in expanding US Operations to meet the rapidly growing demand in North America. Josef Mentzer, CEO of KNAPP, explained that, “Market demand for automated warehousing, distribution and order fulfillment systems has risen sharply in recent years. The corresponding demand for software solutions to drive these systems and help companies transition to the digital economy is also accelerating rapidly, and this has driven a three-year 404% growth in our business that is fueling our expansion. Gernot Rupp, COO added, “we have been very fortunate that the company commitment to R&D, a 7% year-over-year investment, has resulted in a number of industry leading supply chain software and automation products. This had a direct impact on our relationship with industry sector leaders, adding major contracts with top 5 global companies in grocery, retail, healthcare and eCommerce based here in the US.” KNAPP is a global market leader in warehouse logistics and automation with over 43 locations and 4500 employees worldwide.
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