Greater financial firepower
THE SUPPLY chain hardware, software and services company is planning a series of acquisitions to drive its growth in Europe.
Its corporate acquisition targets, a number of which are already under consideration include data capture, wireless and industrial printer specialists.
Renovotec forecasts that its turnover will reach 110 million Euro by 2024/25, increasing from 70 million Euro this year. Renovotec was 75%-acquired by Stockholm-headquartered investment company Röko in March 2021. At the time Renovotec MD (now CEO) Richard Gilliard observed ‘the relationship with Röko will give us greater financial firepower, enabling Renovotec to grow more rapidly through acquisition and diversification’. Now, according to Gilliard: “Renovotec will soon have a presence in every major European region, across all our target markets. We are building a strong foundation for continued growth.”
For more information, visit www.renovotec.com
