Axfood has signed an agreement with Witron to invest 265 million EUR in automation equipment for a new high-automation logistics center in Kungsbacka, Sweden, aimed at enhancing operational efficiency and supporting future growth in the region.
Target Information
Axfood, a leading player in the Swedish grocery retail and wholesale market, is set to enhance its operational capabilities significantly. The company recently entered into an agreement with Witron, a prominent automation solutions provider, to invest in automation equipment for its new high-automation logistic center in Kungsbacka. This strategic move is aimed at increasing efficiency and capacity, critical for supporting Axfood's growth expectations in southern Sweden.
The planned logistic center will cover approximately 90,000 square meters and be environmentally certified, facilitating the management of a wide assortment of goods across all temperature zones. It is expected to commence operations in 2030, enabling Axfood to streamline its distribution processes and meet rising consumer demands effectively.
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Industry Overview in Sweden
The Swedish grocery industry is characterized by a strong competitive landscape, with several established players and a growing trend towards automation and sustainability. As consumer preferences shift towa
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Disclosed details
Transaction Size: $265M
Revenue: $85M